Tyson Foods' profit more than doubles as chicken sales rise
May 5 (Reuters) - Tyson Foods Inc, the largest U.S. meat processor, said its profit more than doubled in the second quarter, mainly due to strong demand for chicken.
Net income attributable to Tyson rose to $213 million, or 60 cents per share, in the quarter ended March 29 from $95 million, or 26 cents per share, a year earlier.
Revenue rose 7.8 percent to $9.03 billion.
Tyson's chicken sales rose about 4 percent to $2.84 billion. (Reporting by Devika Krishna Kumar in Bangalore and Lisa Baertlein in Los Angeles; Editing by Kirti Pandey)
- Israeli air strike kills three Hamas commanders in Gaza |
- U.S. military failed in rescue attempt for journalist Foley |
- Obama condemns killing of reporter, U.S. hits militants in Iraq |
- U.S. hospital to discharge doctor treated with experimental Ebola drug
- Calm largely holds in Missouri after grand jury opens shooting investigation |