UPDATE: Tyson Posts Higher Q2 Profit

Tyson Foods Inc

reported a rise in its second-quarter profit. Tyson's quarterly profit rose to $166 million, or $0.44 per share, versus $159 million, or $0.42 per share, in the year-earlier period. Its revenue surged 3% to $8.27 billion. However, analysts were expecting earnings of $0.39 per share on revenue of $8.47 billion. Tyson projects 2012 earnings of $2 per share, versus analysts' estimates of $2.01 per share. Tyson shares closed at $18.04 on Friday.