US Stock Market Move | Q4 performance exceeded expectations. Tyson Foods, Inc. Class A (TSN.US) surged more than 10%.

On Tuesday, Tyson Foods, Inc. Class A (TSN.US) rose sharply during trading hours, marking the largest increase since February 2022. As of the time of writing, it surged over 10% to $64.71. On the news front, Tyson Foods, Inc. Class A's fourth-quarter performance exceeded expectations. Data shows that the company's Q4 net sales increased by 1.6% to $13.57 billion, compared to analysts' average expectations of $13.43 billion. Adjusted earnings per share were 92 cents, exceeding analysts' expectations of 71 cents. Adjusted operating profit skyrocketed by 117% year-on-year to $512 million, with the company's chicken business performing exceptionally well, turning a loss of $267 million from the same period last year into an operating profit of $409 million. The company stated that due to the turnaround in its chicken business and increased demand for prepared foods offsetting the decline in its beef business, it expects performance to improve next year.