Tyson Foods Up 4% (TSN)

Tyson Foods, Inc. TSN is up sharply this morning after the company reported better than expected earnings this morning. This morning Tyson said it earned 57 cents per share, for the fourth quarter. Excluding an impairment charge related to Brazilian operations, earnings were 64 cents per share, 8 cents better than Wall Street expectations. Revenues came in at $7.44 billion, just shy of the $7.5 billion Wall Street was anticipating. "We're just over halfway through our first quarter of fiscal 2011, and it is shaping up to be a strong quarter and another good year," President and CEO Donnie Smith said in a statement. At last check, shares of TSN were up 63 cents to $16.27, a gain of 4%.