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Why Tyson Foods Stock Tumbled Today

TheMotleyFool

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Why Tyson Foods Stock Tumbled Today: https://g.foolcdn.com/editorial/images/731550/farmer-inspecting-chickens-in-a-poultry-farm.jpg

Shares of Tyson Foods (NYSE: TSN) were falling today after the world's largest poultry producer posted disappointing results in its second-quarter earnings report and cut its full-year guidance.

As a result, the stock closed down 16.4%.

Tyson, which is also a leading processor of beef and pork and owns brands like Jimmy Dean, Hillshire Farm, and Ball Park, said that revenue in the quarter was flat at $13.1 billion, which was below estimates at $13.62 billion.

Source Fool.com