Tyson Foods Inc. of Springdale on Monday reported fourth-quarter net income of $181 million, up from $95 million for the same period a year ago.
Revenue of $8.37 billion was slightly below the year-ago figure of $8.4 billion. Earnings per share for the latest period were 55 cents a share, up from 26 cents.
“Our earnings for the fourth quarter and fiscal year indicate that Tyson Foods is rising above the noise of commodity markets to produce solid, more consistent results,” Donnie Smith, president and chief executive officer, said in the company's earnings release.
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