Tyson food meat products are shown in this photo illustration in Encinitas, California May 29, 2014. REUTERS/Mike Blake
Tyson Foods Inc (TSN.N), the biggest U.S. meat processor, reported a 28.6 percent rise in quarterly profit, helped by higher exports of beef and pork and lower livestock costs.
), the biggest U.S. meat processor, reported a 28.6 percent rise in quarterly profit, helped by higher exports of beef and pork and lower livestock costs.
Net income attributable to Tyson rose to $593 million, or $1.59 per share, in the first quarter ended Dec. 31, from $461 million, or $1.15 per share, a year earlier.
Sales rose marginally to $9.18 billion from $9.15 billion.
Tyson’s shares were up 7.8 percent at $70.50 in premarket trading on Monday.
(Reporting by Sruthi Ramakrishnan in Bengaluru- Editing by Sriraj Kalluvila)
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