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Tyson Foods returned to profitability in 3Q with net income of $111 million, or $0.31/share after a loss of $52m, or -$0.15 last year. Analysts had forecast $0.25/share on average. Tyson raised its fiscal 2007 earnings guidance to $0.82 - $0.92 per share, versus its prior broad projection of $0.50 - $0.80. Analysts were expecting EPS of $0.85. Third-quarter sales increased 9% to $6.96b, topping the Street's $6.74b consensus estimate. Tyson's chicken segment posted a profit of $95m, compared to a loss of $59m last year, as wholesale breast meat prices rose 44% y/y. Beef profits totaled $33m versus a $10m loss last year. Shares of Tyson are untraded so far in pre-market activity. Tyson lost 2.7% to $21.41 on Friday. TSN-EarningsChart-7-30-2007

Sources: Press release, Bloomberg, MarketWatch
Commentary: 100 Stocks to Offset Rising Food PricesTyson Foods, Syntroleum Corp to Manufacture Chicken Fat FuelMore Than Just Chicken In Every Tyson Family Pot
Stocks/ETFs to watch: Tyson Foods Inc. (NYSE:TSN). Competitors: PPC, SFD, HRL. ETFs: RHS

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Source: Tyson Reports Beat and Raise Quarter