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Tyson lowers 2005 earnings forecast

by 5m Editor
7 September 2005, at 12:00am

US - Tyson Foods lowered on Sept 6 its 2005 earnings forecast by 3 cents to US$0.92-1.02 a share, attributing it to damages to its four Mississippi poultry processing plants.

Tyson lowers 2005 earnings forecast - US - Tyson Foods lowered on Sept 6 its 2005 earnings forecast by 3 cents to US$0.92-1.02 a share, attributing it to damages to its four Mississippi poultry processing plants.

All four facilities are now running at pre-hurricane production levels, though hurricane damage will cost the meat producer between US$10-20 million, Tyson said.

Figures reflect losses of live bird inventory and frozen products that were stored in Mississippi and Louisiana, and the temporary plant closures.

Source: eFeedLink - 7th September 2005

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