Tyson’s shares fell 6.2% to $87.50 in after-hours trading after the meatpacking company cut its adjusted earnings guidance for fiscal 2019
Tyson Foods Inc. lowered its earnings forecast for the current period, citing “short-term challenges” that have weighed on its bottom line, including volatile commodity prices and food-safety initiatives.
The Springdale, Ark., company said a fire at a Kansas beef plant and slower-than-expected operational changes in its chicken business added to challenges in its fiscal fourth quarter.
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