UPDATE: Tyson Posts Rise In Q4 Profit

Tyson Foods

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.