SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. (TSN) on Monday reported fiscal second-quarter net income of $364 million.
The Springdale, Arkansas-based company said it had net income of $1 per share. Earnings, adjusted for non-recurring gains, came to 77 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The meat producer posted revenue of $10.89 billion in the period.
Tyson shares have decreased 34% since the beginning of the year, while the Standard & Poor's 500 index has decreased 12%. The stock has fallen 20% in the last 12 months.