September 3, 2019 / 8:31 PM / 2 months ago

Tyson Foods cuts 2019 profit forecast on short-term challenges

Sept 3 (Reuters) - Tyson Foods Inc on Tuesday lowered its 2019 adjusted earnings forecast, as it was experiencing short-term challenges resulting from commodity market volatility and slower-than-expected operational improvements in the chicken segment.

The U.S. meat processor cut its fiscal 2019 adjusted earnings outlook to between $5.30 and $5.70 per share, from $5.75 to $6.10 per share. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)

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