Tyson Foods posts higher profit in 4Q

Earnings Reuters

(AP)

Nov 13 (Reuters) - U.S. meat processor Tyson Foods Inc reported higher earnings for the fourth quarter on Monday, as lower costs to buy cattle feed boosted profit margins in its beef and chicken businesses.

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Net income attributable to Tyson rose to $394 million or $1.07 per share in the quarter ended Sept. 30, from $391 million or $1.03 per share, a year earlier.

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The Springdale, Arkansas-based company's net revenue rose to $10.15 billion from $9.16 billion last year. (Reporting by Uday Sampath in Bengaluru; Editing by Sai Sachin Ravikumar)

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