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* Earnings
TYSON: FISCAL Q4 EARNINGS SNAPSHOT
yesterday
SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. (TSN) on Monday reported fiscal
fourth-quarter net income of $538 million.
On a per-share basis, the Springdale, Arkansas-based company said it had profit
of $1.50. Earnings, adjusted for non-recurring costs, were $1.63 per share.
The results missed Wall Street expectations. The average estimate of four
analysts surveyed by Zacks Investment Research was for earnings of $1.70 per
share.
The meat producer posted revenue of $13.74 billion in the period, exceeding
Street forecasts. Three analysts surveyed by Zacks expected $13.29 billion.
For the year, the company reported profit of $3.24 billion, or $8.92 per share.
Revenue was reported as $53.28 billion.
Tyson expects full-year revenue in the range of $55 billion to $57 billion.
_____
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
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