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
Anthem House: Baltimore's Newest $100 Million Apartment Complex Opens in Locust Point
The Most Luxurious Speakeasy in the World: Shangri-La Hotel Paris’s Pop-Up Krug Bar
See How Hennessy Produces the World’s Finest Cognac, One Bottle at a Time
Chef Shane Robilliard on Lobster Decadence at a Billionaire's Resort
What Makes Chardonnay a Chablis?
Catching up with Blue Ribbon Restaurants' Bromberg Brothers
The 2018 Audi A5 Sportback: A Stunning $60,000 Luxury Car For Only $42,000
6 Gorgeous U.K. Wedding Venues from Film and Television
Satellite Headphones Aim to be the High Def Personal Audio System You Have to Have
Pushing the 2017 Cadillac XT5 Luxury Crossover to the Limits in Death Valley
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE