EXHIBIT 11
TYSON FOODS, INC.
Computation of Earnings (Loss) Per Share
(In Thousands Except Per Share Data)
1994 1993 1992
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Primary:
Average common shares outstanding
during the period 146,962 147,212 137,462
Net effect of dilutive stock
options based on the treasury
stock method using average
market price 816 1,129 930
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Total common and common equivalent
shares outstanding 147,778 148,341 138,392
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Net income (loss) ($2,128) $180,334 $160,534
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Earnings (loss) per share ($.01) $1.22 $1.16
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Fully Diluted:
Average common shares outstanding
during the period 146,954 147,212 137,462
Net effect of dilutive stock
options based on the treasury
stock method using the quarter-
end market price, if higher
than average market price 1,011 1,129 1,040
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Total common and common equivalent
shares outstanding 147,965 148,341 138,502
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Net income (loss) ($2,128) $180,334 $160,534
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Earnings (loss) per share ($.01) $1.22 $1.16
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