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 beat analyst estimates in its fiscal fourth-quarter with net income of $357 million, reversing a loss of $450 million a year ago. Adjusted earnings per share was

Tyson Foods beats Q4 earnings estimates with strong volumes and operational performance, driving a premarket surge in its stock.

Tyson Foods beat Wall Street expectations for a fourth-quarter profit on Tuesday, as lower costs and strong demand for its pork and beef products helped offset a slowdown in the chicken segment, sending its shares up more than 8%.

Led by increased volumes and higher prices in its beef division, Tyson Foods (NYSE:TSN) earned a profit of $0.92 per share in the fiscal fourth quarter, nearly 2.5x more than the same quarter last year,

Tyson Foods beat Wall Street expectations for fourth-quarter results on Tuesday, as lower costs and strong demand for its pork and beef products helped offset slowdown in the chicken segment, sending its shares up 6% before the bell.