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Last updated on Monday, August 8, 2016, 1:08 pm

Tyson Foods' 3rd-Quarter Profit Rises 41 Percent

Tyson Foods Inc. said Monday that net income increased more than 41 percent because of strong performance across all business segments. Reporting before the stock markets opened, the Springdale-based food production company posted earnings of $484 million, or $1.25 per share, for the quarter that ended July 2, up from $343 million, or 83 cents per share, in the same period a year ago. The full news release accompanying the earnings report can be found here. In a conference call Monday morning, CEO Donnie Smith said third-quarter earnings per share set a record high, up 51 percent. Earnings beat the average estimate of $1.06 per share from nine analysts surveyed by Thomson Reuters. Revenue fell 6.6 percent to $9.4 billion. Beef sales fell 12 percent to $3.78 billion, while volume increased 2.9... [ MORE ]

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