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
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
$475K Concept One "Curve" is the World's First SUV With 48" 4K TV Inside
2017 Ford GT Surprises at the Detroit Auto Show
This Super Soft Sheepskin Bean Bag Chair is a Throwback Piece You'll Actually Want
Love New Music? Rising Aussie Artist Josef Salvat Needs To Be on Your 2015 Playlist
The Icon Selazzio 95 Sea Palace is the Perfect Floating Mansion
Plug Yourself Into Mycoocoon For a Full Blown Sensory Recharge
Time to Try Thomas Keller's Purée of Sweet Carrot Soup Recipe
The 92M X-BALLET Brings Relaxed Beach House Living to the Open Sea
Here's What the Oscar Nominations Got Right And What They Got So Terribly Wrong
Jewelry Designer Turns Her Sights to 24K Gold Grecian-Inspired Bone China Dinnerware
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE