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,

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 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.