Tyson: Fiscal 4Q Earnings Snapshot
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.