Tyson Foods Profit Sinks As Beef Sales Fall

Tyson Foods, the largest U.S. meat processor, said its quarterly profit tumbled halved as beef sales fell.

But the results still topped Wall Street's expectations and Tyson's shares rose in early trading.

Net income attributable to Tyson nearly halved to $137 million, or 35 cents per share. Excluding items, the company earned 87 cents per share.

To read the rest of the story, please go to: Reuters