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Tyson Reports More than $13B in Quarterly Revenue

The company's earnings bested Wall Street projections.

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SPRINGDALE, Ark. (AP) — Tyson Foods Inc. on Monday reported fiscal first-quarter earnings of $107 million.

On a per-share basis, the Arkansas-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 69 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The meat producer posted revenue of $13.32 billion in the period.

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