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010105 Tyson Forecasts Earnings

January 4, 2001

Chicago - Tyson Foods Inc. said that its earnings in the first and second quarters would range from 8 cents to 12 cents a share, in line with expectations.

Springdale, Ar-based chicken producer Tyson disclosed the forecast during a conference call with analysts to discuss the implications of buying the nation's largest beefpacker.

The company was expected to earn 9 cents a share on average in the first quarter, and 12 cents a share in the second quarter, based on a forecast of analysts surveyed by First Call/Thomson Financial, which tracks earnings.

Tyson also said that it expects capital expenditures ranging from $550 million to $600 million, as it works to combine the operations of South Dakota- based IBP.

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