Tyson posts larger-than-expected profit

Dec 20, 2007
Tyson Foods Inc., the world’s largest meat processor, reported a bigger-than-expected profit for its third fiscal quarter last week and raised its profit forecast for the year as it rebounds from last year’s losses. Tyson credited higher average sales prices for chicken, beef, pork and prepared foods, export growth and a cost-cutting program that is ahead of a target of saving $200 million this year. Those factors more than offset higher feed pri...

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