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 Wall Street expectations for fourth-quarter profit on Tuesday and said its rebounding chicken business would limit fallout from ongoing struggles in its beef division over the coming year,

Earnings per share came to $1, up from a loss of $1.31 a year ago. Earnings, adjusted for non-recurring gains, were 92 cents per share.

Tyson Foods, Inc. TSN posted splendid fourth-quarter fiscal 2024 results, as the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Tyson Foods reported a strong enhancement in profitability for both the fourth quarter and the full year,