Tyson Earnings Beat Despite Costs, Raises Dividend
Tyson Foods (TSN) fourth-quarter profit beat estimates on Monday as the company was able to pass on the higher feed prices caused by this summer's drought to consumers. Tyson also raised its guidance and announced a special dividend. The chicken, beef and pork producer said earnings per share more than doubled from 26 cents in 2011 to 55 cents. Sales fell slightly to $8.37 billion from $8.4 billion in 2011, missing analyst views of $8.48 billion.
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