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NEW YORK (TheStreet) -- Tyson Foods (TSN) - Get Tyson Foods, Inc. Class A Report stock is rising 2.68% to $44.82 in pre-market trading on Monday after the company reported better than expected revenue for the fiscal 2015 fourth quarter.

Revenue increased 4% year-over-year to $10.51 billion for the quarter ended October 3, beating estimates of $10.34 billion, with a 6.8% rise in volume sales offsetting a 2.6% decline in average prices.

The company posted earnings of 83 cents per share for the latest quarter, falling short of estimates by 5 cents.

For the 2015 fiscal year, Tyson Foods reported earnings of $3.15 per share, missing estimates of $3.20 per share, and revenue of $41.37 billion, surpassing expectations of $41.1 billion.

Volume sales of prepared foods rose 71% year-over-year for the 2015 fiscal year, driven by the $8.55 billion acquisition of Hillshire Brands, which was completed in August 2014.

"We achieved $322 million in synergies for the fiscal year, and we continue to see more synergy opportunities," CEO Donnie Smith said in a statement. "We're raising our synergy estimates for fiscal 2016 to more than $500 million, and we're raising our estimate for fiscal 2017 to more than $700 million."

Tyson Foods also expects to see further growth in fiscal 2016 with earnings of $3.50 to $3.65 per share.

TheStreet Recommends

Separately, TheStreet Ratings team rates TYSON FOODS INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

We rate TYSON FOODS INC (TSN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

You can view the full analysis from the report here: TSN

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