Dive Summary:
- Tyson Foods’ profits in the third quarter were three times more than the same period of time one-year prior. It reported a net income of $249 million in the quarter, $173 more than the previous year.
- The company said that the increase was due to a growing demand for chicken and beef. Chicken sales rose by 11 percent while beef was up 7 percent.
- The company predicts it will gain $34.5 billion in revenue for 2013 while independent analysts foresee $34.19 in revenue.
From the article:
...The nation's biggest meat producer earned $249 million, or 68 cents per share, for the three months ended June 29. That's up sharply from $76 million, or 21 cents per share, a year ago...