Tyson Foods Sales Hurt By Lower Meat Prices

Tyson Foods Inc. reported a decline in sales in the latest quarter, as the meat producer contended with falling prices in most of its key segments.

Tyson said Tuesday it booked $9.99 billion in sales during its fiscal fourth quarter, down 1.4% compared with the year-ago period and less than the $10.3 billion analysts polled by FactSet were expecting.

Shares of Tyson dipped 3.4% in premarket trading Tuesday.

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