UPDATE: Tyson Posts Rise In Q4 Profit
Tyson Foods (NYSE: TSN) reported a rise in its fourth-quarter profit.
Tyson's quarterly profit surged to $261 million, or $0.70 per share, versus a year-ago profit of $181 million, or $0.51 per share. Its adjusted earnings gained to $0.70 per share from $0.55 per share.
Its revenue surged to $8.9 billion from $8.3 billion. However, analysts were estimating earnings of $0.69 per share on revenue of $8.8 billion.
Tyson shares gained 3.41% to $29.75 in pre-market trading.
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