Market Overview

UPDATE: Tyson Posts Rise In Q4 Profit

Related TSN
Benzinga's M&A Chatter for Wednesday August 27, 2014
Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Hillshire, Tyson Make Deal Official (Fox Business)

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.

Posted-In: profitEarnings News

 

Related Articles (TSN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters