Beef, pork propel Tyson to record Q1 net income

Strong gains in its beef and pork segments fueled record-setting results for Tyson Foods in the first quarter of 2017, the processor announced this morning.  Tyson said earnings per share hit a record $1.59, a 38-percent improvement on year-ago results. Operating income rose 27 percent to a record $982 million in the first quarter of fiscal 2017, while net income in the period reached $594 million, up 29 percent from profits in the same period one year ago. Sales in the first quarter increased by less than one-tenth of one percent compared with the first quarter of fiscal 2016 to $9.18 billion.