WASHINGTON (dpa-AFX) - Tyson Foods Inc. (TSN) reported earnings for second quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $7 million, or $0.02 per share. This compares with $145 million, or $0.41 per share, last year.
Excluding items, Tyson Foods Inc. reported adjusted earnings of $329 million or $0.92 per share for the period.
Analysts on average had expected the company to earn $0.82 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.0% to $13.074 billion from $13.072 billion last year.
Tyson Foods Inc. earnings at a glance (GAAP) :
-Earnings: $7 Mln. vs. $145 Mln. last year. -EPS: $0.02 vs. $0.41 last year. -Revenue: $13.074 Bln vs. $13.072 Bln last year.
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