AP NEWS

Tyson: Fiscal 4Q Earnings Snapshot

November 12, 2019

SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. (TSN) on Tuesday reported fiscal fourth-quarter profit of $369 million.

On a per-share basis, the Springdale, Arkansas-based company said it had profit of $1.01. Earnings, adjusted for non-recurring costs and asset impairment costs, were $1.21 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The meat producer posted revenue of $10.88 billion in the period.

For the year, the company reported profit of $2.02 billion, or $5.52 per share. Revenue was reported as $42.41 billion.

Tyson shares have climbed 55% since the beginning of the year, while the Standard & Poor’s 500 index has risen 23%. The stock has increased 33% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSN at https://www.zacks.com/ap/TSN