Home Wealth  Money Tyson Foods Whiffs In Latest Quarter

Tyson Foods Whiffs In Latest Quarter

Posted: Nov. 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
Armani in America: The New 60-Story Oceanfront Residences by Armani/Casa Announced
Gaze Out at Paris & Rome From the Edge of Earth's Atmosphere Aboard a Helium Balloon
$118.5M Ritz-Carlton Battery Park Penthouse is the Ultimate 3-for-1 Offer
Explore Vancouver Through These 3 Unique Foodie Finds
Nomad Charging Cables Are Ridiculously Convenient When You Need to Plug In
Give Throwback Tunes Warmth With Grace Digital Victoria Internet Radio
Rolls-Royce Up 33 Percent & Rolls Into Record Half-Year Sales
The Caribbean & South Africa Offer 4 of the World's Most Exotic Golf Courses
Take Your First Look Inside Air New Zealand's New Dreamliner B787-9
Four Fantastic New Nordic Restaurants You Haven’t Heard Of…Yet
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE