SPRINGDALE, Ark. — Tyson Foods Inc. today reported fiscal fourth-quarter earnings of $1.36 billion.
On a per-share basis, the company said it had net income of $3.71. Earnings, adjusted for non-recurring gains, were $2.30 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The meat producer posted revenue of $12.81 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $12.56 billion.
For the year, the company reported profit of $3.05 billion, or $8.34 per share. Revenue was reported as $47.05 billion.
Tyson expects full-year revenue in the range of $49 billion to $51 billion.