Tyson Foods reported a strong performance in its quarterly earnings, with revenue reaching $13.57 billion, a 1.63% increase year-over-year, surpassing estimates by $175 million. Earnings per share (EPS) stood at $0.92, reflecting a significant 148.65% year-over-year increase, beating expectations by $0.23. Following the earnings report, Tyson Foods' shares surged by 10%, making it one of the best-performing stocks in the S&P 500 on November 12, 2024. CEO Donnie King expressed optimism about the company's future, attributing the positive results to robust demand for beef and pork, as well as a thriving chicken business. The favorable market conditions were further supported by a decline in feed costs due to falling prices for corn and soybeans, which has benefited Tyson and its competitors in the meat industry.