WASHINGTON (dpa-AFX) - (Adds Outlook)

Tyson Foods Inc. (TSN) announced a profit for first quarter that decreased from
last year but beat the Street estimates.

The company's bottom line totaled $107 million, or $0.30 per share. This
compares with $316 million, or $0.88 per share, in last year's first quarter.

Excluding items, Tyson Foods Inc. reported adjusted earnings of $245 million or
$0.69 per share for the period.

Analysts on average had expected the company to earn $0.41 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 0.5% to $13.32 billion from $13.26
billion last year.

Outlook

For fiscal 2024, the company anticipates adjusted operating income of $1.0
billion to $1.5 billion.

Sales are expected to be relatively flat in fiscal 2024 as compared to fiscal
2023.

In pre-market activity on the NYSE, Tyson shares were gaining around 4.7 percent
to trade at $59.

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