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SPRINGDALE, Ark. (AP) — Tyson Foods Inc. on Monday reported fiscal first-quarter net income of $85 million.
On a per-share basis, the Springdale, Arkansas-based company said it had net income of 24 cents. Earnings, adjusted for non-recurring costs, were 97 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The meat producer posted revenue of $14.31 billion in the period.
