Tyson Foods Inc. Bottom Line Advances 38% In Q1

(RTTNews) - Tyson Foods Inc. (TSN) announced earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $776 million, or $1.15 per share. This was up from $564 million, or $0.77 per share, in last year's first quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.4% to $9.15 billion. This was down from $10.82 billion last year.

Tyson Foods Inc. earnings at a glance:

-Earnings (Q1): $776 Mln. vs. $564 Mln. last year. -Earnings Growth (Y-o-Y): 37.6% -EPS (Q1): $1.15 vs. $0.77 last year. -EPS Growth (Y-o-Y): 49.4% -Analysts Estimate: $0.89 -Revenue (Q1): $9.15 Bln vs. $10.82 Bln last year. -Revenue Change (Y-o-Y): -15.4%