Monday, August 5, 2013

Reuters: Hot Stocks: Tyson Foods profit soars on strong chicken sales

Reuters: Hot Stocks
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Tyson Foods profit soars on strong chicken sales
Aug 5th 2013, 11:45

Mon Aug 5, 2013 7:45am EDT

Aug 5 (Reuters) - Tyson Foods Inc's third-quarter profit more than tripled as chicken sales rose, sending its shares up 4 percent before the bell.

Net income from continuing operations at Tyson, the largest U.S. meat processor, rose to $249 million, or 69 cents per share, from $79 million, or 22 cents per share, a year earlier.

Sales rose 6 percent to $8.73 billion. (Reporting by Lisa Baertlein in Los Angeles and Chris Peters in Bangalore)

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