Tyson Posts $750M in Q2 Income

The poultry producer's results topped Wall Street forecasts.

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SPRINGDALE, Ark. (AP) — Tyson Foods Inc. on Monday reported fiscal third-quarter net income of $750 million.

On a per-share basis, the Arkansas-based company said it had profit of $2.07. Earnings, adjusted for non-recurring gains, were $1.94 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.

The meat producer posted revenue of $13.5 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $13.31 billion.

Tyson expects full-year revenue in the range of $52 billion to $54 billion.

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