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Tyson: Fiscal 2Q Earnings Snapshot

SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. (TSN) on Monday reported fiscal second-quarter net income of $426 million.

The Springdale, Arkansas-based company said it had net income of $1.17 per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were $1.20 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The meat producer posted revenue of $10.44 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $10.23 billion.

Tyson expects full-year earnings in the range of $5.75 to $6.10 per share.

Tyson shares have risen 41% since the beginning of the year, while the Standard & Poor's 500 index has risen 18%. The stock has climbed 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSN at https://www.zacks.com/ap/TSN