Tyson Continues Strong Earnings Trend as First Quarter Earnings Increase 47% to $0.72
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Tyson Foods Inc. (TSN) Tops Q1 EPS by 8c; Issues Outlook for FY14
January 31, 2014 7:31 AM ESTTyson Foods Inc. (NYSE: TSN) reported Q1 EPS of $0.72, $0.08 better than the analyst estimate of $0.64. Revenue for the quarter came in at $8.76 billion versus the consensus estimate of $8.76 billion.
First quarter of fiscal 2013 reflects a discontinued operation which was part of our Chicken segment.
-- Chicken - Sales volumes grew due to increased international production and mix of rendered product sales. The decrease in average sales price was primarily due to lower feed ingredient costs and volatile markets in our international operations, partially offset by mix changes. Operating income was positively impacted... More
