Breaking News Bar
updated: 11/18/2013 8:28 AM

Tyson sales beat estimates as volumes increase for beef, chicken

hello
Success - Article sent! close
 
Bloomberg News

Tyson Foods Inc., the largest U.S. meat processor, posted higher-than-expected quarterly revenue after a gain in prices and sales volumes for beef and chicken.

Fiscal fourth-quarter sales rose 7 percent to $8.89 billion, Tyson said today in a statement, beating the $8.87 billion average of 12 analysts' estimates compiled by Bloomberg.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Net income climbed to $261 million, or 70 cents a share, in the three months through Sept. 28, from $185 million, or 51 cents, a year earlier. That matched the 70-cent-a-share average estimate.

For the 2014 fiscal year, Springdale, Arkansas-based Tyson said domestic protein production will rise by about 1 percent and sales will be about $36 billion, compared with the $35.6 billion average of 12 analysts' estimates. Profitability at the company's beef unit, its largest by revenue, may be less that the "normalized" range of 2.5 percent to 4.5 percent, Tyson said.

Tyson increased 3.9 percent to $29.90 at 8 a.m. before the start of regular trading in New York.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here