Tyson Stock Slides After Earnings Fall Well Short of Expectations

Tyson Foods


stock was dropping Monday after the meat giant reported first-quarter earnings and sales that missed Wall Street estimates.

Tyson


(ticker: TSN) posted adjusted earnings of 85 cents a share on sales of $13.26 billion, compared to earnings of $2.87 a share on sales of $12.93 billion last year. Analysts surveyed by FactSet were expecting earnings of $1.31 a share on sales of $13.52 billion.