Tyson Foods (NYSE:TSN) reported Q2 EPS of $0.42, missing consensus estimates of $0.43 per share. Revenues for the quarter rose 15.7% year-over-year to $8.0 billion, topping consensus estimates of $7.6 billion.The company issued upside guidance for 2011. It expects 2011 revenues to exceed $32 billion, vs. consensus estimates of $31.02 billion.Donnie Smith, Tyson Foods' president and chief operating officer said, "Overall, it was a solid quarter, and I'm pleased with the results. We produced record sales for the second quarter on substantially higher sales prices in addition to increased volume. All segments except Chicken were within or above their normalized operating margin ranges. While Chicken was well below its normalized range, it was profitable, and we believe it will continue to be profitable in the third and fourth quarters. Our Beef segment remains solid, and our Pork segment continues to produce outstanding returns. Prepared Foods is moving in the right direction, and we've got more work to do in this segment."
