Tyson Foods Gains on Record Q4 Sales Boosted By Hillshire Brands

After reporting record sales in its fiscal fourth quarter, Tyson Foods (TSN) shares jumped on Monday, making it TheStreet's Move of the Day. The largest U.S. chicken processor said sales were up 14% from a year ago, fairly in-line with forecasts. The company also said adjusted net income grew by 24%, surpassing analysts' estimates. Tyson Foods acquired Hillshire Brands back in August, which helped boost its sales of prepared foods in the quarter. The company also benefited from increased demand and higher prices in its pork and beef segments. Tyson issued in-line earnings forecast for fiscal 2015 with a range of between $3.30 to $3.40 a share, on sales of $42 billion dollars. Shares of Tyson Foods closed higher on more than double its average trading volume.