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Tyson Foods’ Q3 Profit Falls 21%, but Still Beats View (TSN)

Poultry producer Tyson Foods, Inc. ( TSN ) on Monday said its fiscal third quarter profit fell 21% from last year, but still easily beat analyst expectations.

The Springdale, AR-based company reported fiscal third quarter net income of $196 million, or 51 cents per share, compared with $248 million, or 65 cents per share, in the year-ago period.

Revenue rose 11% from last year to $8.25 billion.

On average, Wall Street analysts expected a much smaller profit of 40 cents per share on lower revenue of $8.27 billion.

Tyson Foods shares were unchanged in premarket trading Monday.

The Bottom Line

Shares of Tyson Foods have a .98% dividend yield, based on Friday's closing stock price of $16.31. The stock has technical support in the $14-$15 price area. If the shares can firm up, we see overhead resistance around the $17-$20 price levels.

Tyson Foods, Inc. ( TSN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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