USA: Tyson posts Q2 earnings rise on litigation settlement
US meat processor Tyson Foods has reported an increase in second-quarter earnings compared to a year earlier, helped by a US$94m gain related to vitamin antitrust litigation.
US meat processor Tyson Foods has reported an increase in second-quarter earnings compared to a year earlier, helped by a US$94m gain related to vitamin antitrust litigation.
Tyson reported earnings of $72m, or 20 cents a share, for the quarter to 29 March, compared with $65m, or 18 cents a share, a year earlier, reported Reuters.
The Arkansas-based company had warned in March that results would be around the break-even level, as earnings were hit by a glut of meat on the market and lower meat prices.
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