Tyson Says Beef Sales May Stay Weak, Cuts Guidance

Where's the beef sales? Tyson Foods (TSN) badly missed quarterly estimates and cut its full-year guidance because of high cattle costs and weak beef sales, driving its shares down as much as 11% Monday. The beef and chicken giant said fiscal third-quarter earnings per share rose 7% to 80 cents on a 4.3% increase in sales to $10.1 billion. Wall Street was looking for 92 cents EPS on $10.3 billion in revenue. President and CEO Donnie Smith said:

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