SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. (TSN) on Monday reported fiscal fourth-quarter net income of $692 million.
The Springdale, Arkansas-based company said it had profit of $1.90 per share. Earnings, adjusted for non-recurring gains, were $1.81 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The meat producer posted revenue of $11.46 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $11.11 billion.
For the year, the company reported profit of $2.14 billion, or $5.86 per share. Revenue was reported as $43.19 billion.
Tyson shares have fallen 32% since the beginning of the year, while the Standard & Poor’s 500 index has risen 11%. The stock has fallen 31% in the last 12 months.