Tyson Foods sales beat estimates on strong demand for chicken

The multinational’s sales also grew from $10.11 billion in 4QFY14 to $10.51 billion in 4QFY15, indicating a 4% increase over the year.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director officer (Chairman of the Board), of Tyson Foods Inc, Tyson John H had unloaded 335,550 shares at $41.3 per share in a transaction on August 5, 2015.

Adjusted earnings of $3.15 per share missed the Zacks Consensus Estimate of $3.20 by 1.6%.

Net income attributable to Tyson rose 88 percent to $258 million, or 63 cents per share, in the fourth quarter ended October 3, from $137 million, or 35 cents per share, a year earlier.

Tyson Foods Inc TSN.N , the biggest US meat processor, reported better-than-expected quarterly sales on Monday, helped by strong demand for chicken products and a boost from its purchase of sausage seller Hillshire Brands. Analysts expected revenue of $10.34 billion. The company has a market cap of $17,729 million and there are 406,169,950 shares in outstanding. Sales increased on the back of volume and pricing gain of 3.7% and 5.2%, respectively. The stock has risen slightly more than 3 percent in the last 12 months. Pork produced solid results.

During the quarter, the segment posted a $33 million operating loss, down from a $153 million profit a year earlier. The Company operates an integrated poultry production process.

“Fiscal 2015 was an important year for Tyson Foods, because it proved that our house of brands gives us the ability to produce record sales and earnings in less than optimum conditions, all while successfully merging two large companies”, president and CEO Donnie Smith said, referring to the group’s takeover of Hillshire Brands.

In recent quarters, revenue growth in the prepared-food division has led the company’s top-line growth, primarily as a result of the Hillshire acquisition.