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Tyson profit tops estimates on higher beef and chicken sales

Tyson Foods, a processor of chicken, beef and pork, posted a quarterly profit that topped analysts’ estimates amid higher revenue at its chicken and beef divisions.

Net income was $160 million, or 42 cents a share, compared with a net loss of $102 million, or 27 cents a share, a year earlier. Sales in the period, which ended Jan. 2 and was the first quarter of Tyson’s fiscal year, climbed 1.7 percent, to $6.64 billion.

[New York Times]