Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Tyson crows as chicken sales up
Source: Agencies |
August 4, 2009, Tuesday
|
Print Edition
Print Edition
TYSON Foods Inc, the world's largest meat maker, said yesterday that its third-quarter net profit surged on solid chicken sales following a year-ago period hammered by skyrocketing grain costs.
The Springdale, Arkansas-based company earned US$134 million, or 35 cents per share, compared with US$9 million, or 3 cents per share, a year earlier.
Earnings from continuing operations were US$127 million, or 33 cents per share, against a loss of US$3 million, or a penny per share, in the same period a year ago.
Analysts polled by Thomson Reuters forecast profit of 22 cents per share.
The year-ago period was hurt by grain costs to feed chickens, which rose US$140 million in that quarter. But grain costs fell US$91 million in the current quarter.
Sales for the period ended June 27 fell 3 percent to US$6.66 billion from US$6.85 billion, missing Wall Street's estimate of US$6.68 billion.
The Springdale, Arkansas-based company earned US$134 million, or 35 cents per share, compared with US$9 million, or 3 cents per share, a year earlier.
Earnings from continuing operations were US$127 million, or 33 cents per share, against a loss of US$3 million, or a penny per share, in the same period a year ago.
Analysts polled by Thomson Reuters forecast profit of 22 cents per share.
The year-ago period was hurt by grain costs to feed chickens, which rose US$140 million in that quarter. But grain costs fell US$91 million in the current quarter.
Sales for the period ended June 27 fell 3 percent to US$6.66 billion from US$6.85 billion, missing Wall Street's estimate of US$6.68 billion.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
