Tyson Foods profit beat on higher demand for beef, prepared foods

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Tyson Foods Inc on Monday reported quarterly profit that beat Wall Street estima...

- Tyson Foods Inc on Monday reported quarterly profit that beat Wall Street estimates, boosted by higher sales of its beef and prepared foods segment, which includes Hillshire Farm meat products.

The maker of Ball Park hot dogs and Jimmy Dean sausages said average prices for beef rose 2.3 percent in the quarter, while those for pork fell 8.3 percent despite a 1 percent rise in volume of sales. Net income attributable to the company rose to $426 million, or $1.17 per share, in the second quarter ended March 3, from $315 million, or 85 cents per share, a year earlier.

 

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TYS0N CHICKEN WAS RECALLED T00

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