NEW YORK (TheStreet) -- Shares of Tyson Foods Inc. (TSN) - Get Report are higher by 3.91% to $42.25 in pre-market trading on Monday, as the food production company reports its 2014 fourth quarter earnings results, which came in higher than analysts had forecast.
Tyson Foods' adjusted net income per share grew by 24% to 87 cents per share for the latest quarter, from 70 cents per share for the 2013 fourth quarter.
The company reported record sales, which increased 14% to $10.1 billion, from $8.89 billion for the year ago period.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Analysts polled by Thomson Reuters were expecting earnings of 76 cents per share on revenue of $10.16 billion for the quarter.
Tyson Foods said its sales for the most recent quarter grew due to a rise in prices in its pork and beef segments, as well as an increase in volume for its prepared-foods business, which it attributes to its acquisition of Hillshire Brands Co. (HSH) the Wall Street Journal reports.
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 revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: TSN Ratings Report