Earnings

Tyson Foods (TSN) earnings: quarterly sales estimates miss

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A package of Tyson Foods Inc. Ballpark brand hotdogs are arranged for a photograph in Tiskilwa, Illinois.

Daniel Acker | Bloomberg | Getty Images

Tyson Foods fell short of Wall Street estimates for quarterly revenue and profit on Tuesday after a fire at a Kansas slaughterhouse hurt sales volumes in its beef business, the company’s biggest segment.

Shares of the maker of Ball Park hotdogs and Jimmy Dean sausages fell about 4% before the opening bell. They have gained nearly 55% this year.

Tyson grappled with the fire as the global meat industry focused on increasing sales China, where an outbreak of a fatal pig disease has slashed pork production.

U.S. producers have been hampered due to…



Source cnbc.com

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