Springdale, AR - Tyson Foods Inc. said it is "continuing to experience pressure on earnings and that it will not meet analysts' earnings expectations."
TSN said very difficult industry conditions due to excess supplies of meats and pressures brought about by the economic problems in Asia have continued throughout the quarter. In addition, TSN noted that it is in the process of integrating the Hudson acquisition which, while on schedule, has caused some intermediate pressures on profitability.
Meat Industry Insights News Service
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