Tyson Foods beat Wall Street expectations for fourth-quarter profit on Tuesday and said its rebounding chicken business would limit fallout from ongoing struggles in its beef division over the coming year,

Tyson Foods closed out the 2024 fiscal year with a substantially improved financial performance for its chicken business segment. The company on November 12 reported the results for the fourth quarter and entire fiscal year,

Shares of Tyson Foods Inc. were heading toward their biggest gain in nearly three years on Tuesday, after the consumer meats company reported fiscal fourth-quarter earnings that rose well above expectations,

Tyson Foods shares surged Tuesday after the meat processor beat earnings estimates as higher prices helped boost beef and chicken sales.

Earnings per share came to $1, up from a loss of $1.31 a year ago. Earnings, adjusted for non-recurring gains, were 92 cents per share.