04.05.2015 - Tyson Foods Company increased its net profit
Tyson Foods announced strong profit growth that exceeded analysts' estimates by 46% in the first three months of this year. Thus, the net profit totaled 310 million dollars against 213 million in the same period of the last year. At the same time, sales were slightly below analysts' forecasts, and grew by 11% to 9.98 billion dollars. The reason for the sales decline was the drop in the price of pork and chicken. At the same time the company expects to benefit from improvement in grain prices. The international part of the company continues to increase losses. We expect modest growth in the company's shares by 10-12% per annum.