August 6, 2018 / 11:39 AM / 4 months ago

Tyson sales miss estimates on lower beef, pork prices

Aug 6 (Reuters) - Tyson Foods Inc reported lower-than-expected quarterly sales on Monday, as the No. 1 U.S. meat processor was hit by lower beef and pork prices.

Net income attributable to the company rose to $541 million, or $1.47 per share, in the third quarter ended June 30, from $447 million, or $1.21 per share, a year earlier.

The Springdale, Arkansas-based company said sales rose 2 percent to $10.05 billion.

Analysts on average had expected revenue of $10.28 billion, according to Thomson Reuters I/B/E/S.

Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila

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