CHICAGO (Reuters) - U.S. meat giant Tyson Foods Inc reported a larger quarterly profit on Monday as better results at its beef and pork units, due in part to strong pork exports, more than offset losses in its chicken and its prepared-foods businesses.
strong>By Delian Naydenov:Tyson Foods (TSN) is the largest protein processor in the United States and its common stock offers a good investment opportunity. Many of the company's fundamentals and valuation measures are attractive compared to similar publicly traded companies.
By Chris Bailey:The beef-related story that many investors will be reading about today involves the creation of the world's first lab-grown hamburger in a venture backed by Google (GOOG) co-founder Sergey Brin.
Reuters - Tyson Foods Inc reported a smaller quarterly profit due to higher feed costs for its chickens and higher prices for the cattle and hogs it buys for its beef and pork plants, and the company expects its chicken business to post a loss in the current quarter.