Tyson Foods Inc. Reports 35% Advance In Q3 Profit

(RTTNews) - Tyson Foods Inc. (TSN) reported earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line came in at $767 million, or $1.21 per share. This was higher than $568 million, or $0.80 per share, in last year's third quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.7% to $9.40 billion. This was down from $10.07 billion last year.

Tyson Foods Inc. earnings at a glance:

-Earnings (Q3): $767 Mln. vs. $568 Mln. last year. -Earnings Growth (Y-o-Y): 35.0% -EPS (Q3): $1.21 vs. $0.80 last year. -EPS Growth (Y-o-Y): 51.2% -Analysts Estimate: $1.06 -Revenue (Q3): $9.40 Bln vs. $10.07 Bln last year. -Revenue Change (Y-o-Y): -6.7%

-Guidance: Full year EPS guidance: $4.40 - $4.50