Mad cow hits Tyson Foods earnings forecast

ARKANSAS - Shares of Tyson Foods Inc. slipped almost 7 per cent on Monday after the meat company cut its earnings forecast for the year, partly because of weak meat demand due to mad cow disease. The company, which is the world's largest meat firm, lowered its earnings outlook by 18 cents US for its fiscal year, which ends Oct. 18. Tyson now expects to make between $1.08 and $1.15 US a share.

calendar icon 31 August 2004
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