Meat products maker Tyson Foods Inc. (TSN) posted lower second-quarter net income attributable to the company of $95 million, or $0.26 per share, compared with last year's $166 million, or $0.44 per share. On an adjusted basis, quarterly net income per share totaled $0.36. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.45 for the quarter. Analysts' estimates typically exclude one-time items.
On the other hand, the firm clocked sales of $8.42 billion in the quarter, higher than the prior-year figure of $8.27 billion, while it missed consensus estimates of $8.58 billion.
For fiscal 2013, the company sees overall domestic protein production (chicken, beef, pork and turkey) to increase nearly 1% from fiscal 2012 levels. Full-year sales are projected to approximate $34.5 billion, mostly resulting from price increases related to expected decreases in domestic availability of certain protein and increased raw material costs, while 12 analysts estimate annual sales of $34.49 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.