Looking Good: Tyson Reports Third Quarter and Nine Months Results
By: Alexa Hamblin
Updated: July 30, 2007
Tyson Foods, Inc. today reported earnings of $0.31 per diluted share for the third fiscal quarter ended June 30, 2007, compared to a loss of $0.15 per diluted share in the same quarter last year. Third quarter 2007 sales were $7.0 billion compared to $6.4 billion for the same period last year. Operating income was $209 million compared to operating loss of $25 million, and net income was $111 million compared to a net loss of $52 million, for the same period last year. Diluted earnings per share for the nine months of fiscal 2007 were $0.66 compared to a diluted loss per share of $0.41 in the same period last year.
Sales for the nine months of fiscal 2007 were $20.0 billion compared to $19.1 billion for the same period last year.
Operating income for the nine months of fiscal 2007 was $512 million compared to operating loss of $57 million, and net income was $236 million compared to net loss of $140 million, for the same period last year. Operating loss for the nine months of fiscal 2006 included $59 million, or $0.11 per diluted share, of costs related to beef and prepared foods plant closings.
