Tyson Reports $369M Profit

Tyson shares have climbed 55 percent since the beginning of the year, and 33 percent in the last 12 months.

Tyson

SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. has reported a 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 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 23 percent. The stock has increased 33 percent in the last 12 months.

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