Tyson Foods Inc. Q2 Profit Increases, beats estimates

Tyson Foods Inc. (TSN) announced earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $829 million, or $2.28 per share. This compares with $476 million, or $1.30 per share, in last year's second quarter.

Excluding items, Tyson Foods Inc. reported adjusted earnings of $2.29 per share for the period.

Analysts on average had expected the company to earn $1.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $13.12 billion from $11.30 billion last year.

Tyson Foods Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $829 Mln. vs. $476 Mln. last year.
-EPS (Q2): $2.28 vs. $1.30 last year.
-Analyst Estimate: $1.91
-Revenue (Q2): $13.12 Bln vs. $11.30 Bln last year.

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