Tyson Foods Q2 Profit Tops View - Quick Facts

(RTTNews) - Tyson Foods (TSN) Monday said second-quarter attributable net income increased to $310 million from $213 million in the previous year. Earnings per share rose to $0.75 from $0.60.

On average, 11 analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.

Sales grew to $9.979 billion from $9.032 billion in the previous year. Analysts expected revenues of $10.11 billion.

Donnie Smith, president and CEO of Tyson Foods, said, "This was another great quarter and better than we initially expected...Our fiscal second quarter is seasonally challenging, but we came in above our projections due to strong performances by our Prepared Foods and Chicken segments."

In fiscal 2015, the company expects domestic protein production to increase around 2 percent from fiscal 2014 levels. Grain supplies are expected to increase in fiscal 2015, which should result in lower input costs as well as decreased costs for cattle and hog producers.