Why Tyson Foods Stock Tumbled Today
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
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