Tyson Food's ( TSN) second-quarter earnings rose from last year on a 7% jump in sales as strength in its chicken and pork segments helped offset a decline in beef.

The company earned $119 million, or 33 cents a share in the most recent quarter, compared with earnings of $72 million, or 20 cents a share, last year. Revenue was $6.2 billion in the latest quarter compared with $5.8 billion a year ago. The 2004 quarter included a pretax expense of $14 million related to plant closings and a pretax benefit from hedging activities.

Analysts surveyed by Thomson First Call were forecasting earnings of 27 cents a share on sales of $6.3 billion in the latest quarter. The company forecast full-year earnings of $1.05 to $1.25 a share, compared with analysts' estimate of $1.22 a share.

By segment, Tyson's chicken sales totaled $2.05 billion in the latest quarter compared with $1.83 billion last year; beef sales totaled $2.70 billion in the latest quarter compared with $2.79 billion last year; pork sales totaled $732 million in the latest quarter compared with $597 million last year; and prepared foods sales totaled $662 million in the latest quarter compared with $618 million last year.

"Our second quarter is historically the most difficult, but we had a very good quarter even with the difficult conditions our beef business faced," the company said. "Our chicken segment had improvements in pricing, mix and operating costs and benefited from our on-going commodity risk management hedging activities. Our pork business was solid, and we are making progress in our prepared foods segment."

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