Tyson Foods, Inc. (NYSE: TSN) reported fiscal fourth-quarter earnings of $261 million, or 70 cents a share, compared with earnings of $181 million, or 51 cents a share, a year ago. Revenue came in at $8.9 billion, from $8.3 billion a year earlier.
Excluding items, the beef, pork, and poultry producer reported adjusted earnings of 70 cents a share, from 55 cents a year earlier. Wall Street had expected Tyson Foods to post earnings of 70 cents on revenue of $8.89 billion, according to analysts polled by Reuters.
On Monday, shares of Tyson Foods, Inc. rose 2.64 percent to $29.53.
The Dow Jones industrial average climbed 52.19 points or 0.33 percent, to 16,013.89. The S&P 500 Index rose 2.24 points or 0.12 percent, to 1,800.42. The Nasdaq Composite gained 2.34 points or 0.06 percent, to 3,988.27.
