NEW YORK (TheStreet) -- Shares of Tyson Foods (TSN) - Get Tyson Foods, Inc. Class A Report were climbing before Monday's market open after the company reported better-than-expected earnings and revenue for the 2016 third quarter.
The Springdale, AZ-based food company reported adjusted earnings of $1.21 per share in the period, up 51% year-over-year and higher than estimates of $1.06 per share.
Tyson generated $9.4 billion in revenue, beating analysts' expectations of $9.33 billion.
The company also raised its full-year adjusted earnings guidance to $4.40 to $4.50 per share. Analysts are modeling earnings of $4.36 per share for 2016.
"All operating segment results were in or above their normalized operating margin ranges, with the Chicken segment delivering a record 13.9% return on sales," CEO Donnie Smith said in a statement.
"Following record earnings this year, we intend to build on our momentum to generate more growth in fiscal 2017," he added.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of A+.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. TheStreet Ratings feels its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: TSN