Tyson 4th-quarter profit rises despite dip in sales

Mon Nov 19, 2012 7:44am EST

Nov 19 (Reuters) - Tyson Foods Inc reported higher quarterly earnings on Monday despite slightly lower sales resulting from production cuts.

Tyson, the nation's largest meat company, said profit rose to $185 million, or 51 cents per share, for the f ourth quarter ended Sept. 29, from $97 million, or 26 cents per share, a year earlier.

Excluding items, earnings were 55 cents per share.

Sales fell to $8.37 billion from $8.40 billion a year earlier.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.