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Tyson Foods Earnings Fall From Last Year, but Meet Estimates

Tyson Foods

(TSN) - Get Tyson Foods Inc. Report

met analysts' expectations for the fourth quarter, despite earnings that fell sharply from a year ago, as the period was weighed down by industry oversupply problems.

The Springdale, Ark., poultry producer reported fourth-quarter net income of $18 million, or 8 cents a diluted share, meeting the seven-analyst

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consensus estimate. Tyson earned $41 million, or 18 cents a share, in the same period last year.

Sales fell 1.9% to $1.78 billion from $1.82 billion a year ago.