CHICAGO – Tyson Foods Inc (TSN.N) beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
Stronger demand for beef offset weaker results in Tyson’s pork and chicken units, which the company said were hurt by trade disputes between the United States and major importers such as Mexico and China.
Tyson shares rose 2.6 percent to $59.28 in afternoon trading, but are still down 27 percent for the year.
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