Tyson Foods shares slump after forecast of steeper beef losses
Tyson Foods stock fell 7% after the company said it expects steeper fiscal-year losses in its beef business. It now plans to lose between $625 million and $775 million in beef for the fiscal year ending this month.
Shares of Tyson Foods slumped 7% Thursday after the meatpacker said it expects steeper losses in its beef business for the fiscal year. With its fiscal year ending this month, the company now expects to lose between $625 million and $775 million in its beef business.