Tyson Foods facility, New Holland, Pa., May 2020.
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SPRINGDALE, Ark. (AP) — Tyson Foods Inc. on Monday reported fiscal second-quarter net income of $829 million.
On a per-share basis, the Springdale, Arkansas-based company said it had profit of $2.28. Earnings, adjusted for non-recurring costs, came to $2.29 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The meat producer posted revenue of $13.12 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $12.43 billion.
Tyson expects full-year revenue in the range of $52 billion to $54 billion.
