NEWS
Tyson Foods Posts Strong 1Q Earnings
Fri Feb 1, 2013 08:21 AM CST

(Dow Jones) -- Tyson Foods Inc.'s (TSN) fiscal first-quarter earnings jumped 11% as the meat processor's results from chicken and beef sales improved on stronger prices and margins.

Shares rose 3.1% premarket to $22.80 after Tyson beat earnings expectations. As of Thursday's close, the stock was up 29% over the past three months.

Tyson and other food companies have been challenged by rising feed costs stemming from a drought in the Midwest. The company also has faced weak demand for beef and pork products as consumers grapple with rising food costs and as a sluggish economy has shoppers keeping a ...

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