Home Wealth  Money Tyson Foods Whiffs In Latest Quarter

Tyson Foods Whiffs In Latest Quarter

Posted: Mar. 23rd, 2012  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Meat producer Tyson Foods reported a decline in fiscal fourth quarter earnings today.

Profits fell to $97 million, or $0.26 per share, from $213 million, or $0.57 per share, in last year's fourth quarter. Tyson said sales rose 12.9%, to $8.4 billion.

Per-share results fell short of analyst expectations, however revenue was just ahead.

Tyson's chicken unit netted a loss in the quarter, while it beef, pork, and prepared foods segments posted gains.

Tyson said it expects that price increases in all of its categories will help it hit its 2012 sales forecast of $34 billion or more. That forecast meets analyst expectations.

Tyson competes with Smithfield Foods (nyse: SFD - news - people ) , Pilgrim's Pride (nyse: PPC - news - people ) and Sanderson Farms (nasdaq: SAFM - news - people ) , as well as Hormel , which reports earnings tomorrow.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Yacht Hunting? Check Out the New Oceanis 60 Sailboat
Mercedes-Benz Future Truck 2025 Will Drive Itself
Warm Your Home (Or Just Make it Look Really Cool) with Eco-Friendly, Smoke-Free Cocoon Fireplaces
Is the SPIN Dial the Remote of the Future? We Hope So
LA Carlyle Residences Report Record Sales, $225M So Far
This is How You Elevate a Holiday Dinner Party With Perfect Table Etiquette
Aëdle Will Engrave Whatever You Want On Their VK-1 Headphones
McLaren Engineer Designs VanDutch Gocycle G2 Electric Bike
Forget Roasting Chestnuts, Whip Them Into a Tiramisu Instead
Sure You Drink It, But How Much Do You Really Know About Absolut Vodka?
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE