Profit misses analyst estimates
Times Wire Services
Tyson Foods Inc. missed analysts’ fiscal fourth-quarter profit estimates and predicted a possible first-quarter loss.
Tyson Chief Executive Richard L. Bond said the company was facing “multiple challenges,” including high grain-feed costs and an oversupply of chicken.
For its fourth quarter ended Sept. 27, net income rose 50% to $48 million, or 13 cents a share, from $32 million, or 9 cents, a year earlier.
