Tyson Foods Inc. Profit Rises 27% In Q2

(RTTNews) - Tyson Foods Inc. (TSN) announced earnings for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $704 million, or $1.07 per share. This was up from $553 million, or $0.75 per share, in last year's second quarter.

Analysts had expected the company to earn $0.96 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.1% to $9.17 billion. This was down from $9.98 billion last year.

Tyson Foods Inc. earnings at a glance:

-Earnings (Q2): $704 Mln. vs. $553 Mln. last year. -Earnings Growth (Y-o-Y): 27.3% -EPS (Q2): $1.07 vs. $0.75 last year. -EPS Growth (Y-o-Y): 42.7% -Analysts Estimate: $0.96 -Revenue (Q2): $9.17 Bln vs. $9.98 Bln last year. -Revenue Change (Y-o-Y): -8.1%

-Guidance: Full year EPS guidance: $4.20 - $4.30