Investing.com -- Tyson Foods, Inc. (NYSE: TSN) reported second-quarter results that exceeded analyst expectations, sending shares higher in premarket trading on Monday.

Adjusted earnings per share of $0.87 topped the consensus estimate of $0.78. Revenue reached $13.65 billion, surpassing the $13.61 billion estimate and marking a 4.4% increase from $13.07 billion in the prior year period.

The company's Chicken and Prepared Foods segments drove the quarter's performance. Chicken segment operating income, as adjusted, reached $523 million with a 12.2% margin, while Prepared Foods delivered $352 million in adjusted operating income with a 14.0% margin. However, the Beef segment posted an adjusted operating loss of $202 million. "We delivered strong results in the second quarter, with our Chicken and Prepared Foods segments driving meaningful momentum," said Donnie King, President and CEO of Tyson Foods.

Shares rose 2.3% following the announcement.

For fiscal 2026, Tyson expects total company adjusted operating income of $2.2 billion to $2.4 billion. The company projects sales growth of 2% to 4% compared to fiscal 2025. The Chicken segment is expected to generate adjusted operating income of $1.9 billion to $2.05 billion, while Prepared Foods is projected at $1.25 billion to $1.35 billion. The Beef segment is anticipated to post an adjusted operating loss of $500 million to $350 million.

Tyson reduced total debt by $747 million during the six-month period and reported liquidity of $3.7 billion as of March 28, 2026. Free cash flow reached $432 million for the first six months, up $50 million from the prior year.

Tyson expects free cash flow of $1.2 billion to $1.8 billion for fiscal 2026, with capital expenditures projected at $0.7 billion to $1.0 billion.