Tyson Foods Inc.’s (NYSE: TSN) stock surged on Monday after it reported better-than-expected third‑quarter results. Adjusted earnings of 91 cents per share beat the average analyst estimate of 88 cents.
Revenue grew 4% year-over-year to $13.88 billion, topping the $13.54 billion estimate. Total sales volume declined 0.1% in the quarter, while average selling prices rose 3.7%, resulting in an overall 4% gain.
