NEWS
Tyson 2Q Net Falls 43%
Mon May 6, 2013 08:29 AM CDT

(Dow Jones) -- Tyson Foods Inc.'s (TSN) fiscal second-quarter earnings fell 43% as higher beef and chicken prices weren't enough to offset the meat processor's increased costs.

The company also lowered its full-year sales estimate to about $34.5 billion from its November forecast of $35 billion.

"Our second quarter typically is our most challenging, and this quarter was no exception," said President and Chief Executive Donnie Smith. "However, our business is structured to withstand adverse conditions, and we worked through the issues while positioning ourselves for what we believe will be a strong performance in the second half of the ...

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