This morning, Tyson Foods (NYSE:TSN) reported its fiscal third quarter earnings of $242 million, or 65 cents per share, an increase of about 86% over its earnings in the same quarter last year. The company reported strong sales of $7.44 billion and noted that it expects demand to increase even more next year. Investors should be happy with the earnings report, as both the top and bottom line results beat Wall Street estimates, but instead the stock is trading lower this morning. We'll keep an eye on competitors Smithfield Foods (SFD) and Pilgrim's Pride (NASDAQ:PPC) to see how they react to the earnings news.
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