UPDATE 1-Tyson Foods profit soars as chicken, beef sales jump
* Third-quarter profit $0.69 vs est $0.60
* Revenue rises 7 pct to $8.73 bln vs est $8.65 bln
* Shares rise 5 pct premarket
(Adds analysts' estimates; updates share)
Aug 5 (Reuters) - Tyson Foods Inc's third-quarter profit more than tripled, beating Wall Street expectations, as strong demand for chicken and beef more than made up for a drop in sales of pork, sending its shares up 5 percent before the bell.
Tyson, the largest U.S. meat processor, forecast 2014 sales of about $36 billion, above average analyst estimate of $35.02 billion.
Net income from continuing operations rose to $249 million, or 69 cents per share, from $79 million, or 22 cents per share, a year earlier.
Analysts on average had expected earnings of 60 cents per share, according to Thomson Reuters I/B/E/S.
Sales rose 6 percent to $8.73 billion, above Wall Street average forecast of $8.65 billion.
Chicken sales rose nearly 11 percent to $3.16 billion, while beef sales rose about 7 percent to $3.72 billion.
Pork sales fell 1.6 percent to $1.33 billion.
Shares of Springdale, Arkansas-based Tyson were up at $29.64 in premarket trade.
(Reporting by Lisa Baertlein in Los Angeles and Chris Peters in Bangalore)