Tyson Foods profit beats estimates
Tyson Foods Inc
The world's largest meat producer reported a net loss of $455 million, or $1.22 a share, in the fourth quarter ended on October 3, compared with a year-earlier profit of $48 million, or 13 cents a share.
Excluding a goodwill impairment charge, Tyson earned 28 cents a share, beating the analysts' average estimate of 26 cents, according to Thomson Reuters I/B/E/S.
Revenue at the Springdale, Arkansas-based company rose slightly to $7.21 billion from $7.20 billion.
(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)
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