UPDATE: Tyson Foods Posts Surge In Q4 Profit
Tyson Foods (NYSE: TSN) reported a strong rise in its fourth-quarter profit.
Tyson Foods' quarterly profit surged to $185 million, or $0.51 per share, versus $97 million, or $0.26 per share, in the year-earlier period. Its adjusted profit came in at $0.55 per share.
Its sales fell to $8.37 billion from $8.4 billion. However, analysts were expecting earnings of $0.46 per share on sales of $8.48 billion.
Tyson Foods shares closed at $16.88 on Friday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.