Tyson Foods 2Q profit drops, cuts revenue forecast

Published May 6, 2013 12:31pm ET



SPRINGDALE, Ark. (AP) — Tyson Foods’ second-quarter net income dropped 42 percent as it contended with additional feed costs in its chicken unit and reduced margins in its beef division. The company’s biggest meat company cut its full-year revenue forecast.

Shares fell 6 percent in premarket trading on Monday.

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