Tyson Foods' profits jump as feed costs fall

Posted online May 9, 2016 | 11:13 am

Tyson Foods, the biggest U.S. meat processor, reported a 39 percent increase in net income due to lower feed and livestock costs.

Profits were $432 million, or $1.10 per share, in the second quarter ended April 2, compared to $310 million, or 75 cents per share, a year earlier.

Sales, however, dipped 8 percent to $9.2 billion.

Read more from Reuters.

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