020208 Tyson Foods Confirms 2002 Earnings ViewFebruary 2, 2002Springdale, AR - Tyson Foods Inc., the largest U.S. producer of beef, chicken and pork, reiterated its 2002 earnings outlook and said it is making progress reducing its debt from its purchase of IBP. Tyson still expects 2002 diluted earnings per share to be in the range of $1.10 to $1.20, Steve Hankins, chief financial officer, said at the company's annual meeting. Analysts' 2002 earnings estimates range from $1.00 to $1.21 per share, with a mean of $1.12 per share, according to research firm Thomson Financial/First Call. Hankins also said the company has reduced debt by more than $550 million since closing the cash tender offer for IBP. Tyson bought IBP, the largest U.S. producer of beef, in late September.
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