Tyson stock jumped 6 percent on higher-than-expected first-quarter profits. A report from Reuters says Tyson’s chicken business earned $78 million on the highest first-quarter profit margin since early 2007. The company’s beef and pork profits improved because of cost-cutting and stronger exports.
All told, the Springdale, Arkansas-based company earned $160 million first quarter profit, compared with a year-earlier loss of $102 million.
First quarter revenue increased to $6.64 billion and the company estimates they could take in $27.5 billion to $28 billion for the entire year.
Latest: 
