Tyson Foods Posts Surprising Loss and Slashes Revenue Forecast

Tyson Foods reported an unexpected loss in its fiscal second quarter and cut its revenue forecast for the year.
Beef and pork prices have fallen as consumers spend less on meat, forcing Tyson to pay more for livestock and hurting profit margins.
Tyson now expects revenue of $53 billion to $54 billion this fiscal year, down from its previous forecast of $55 billion to $57 billion.
The loss of $97 million, or 28 cents a share, missed Wall Street expectations for a profit.
Shares of Tyson Foods fell more than 9% in premarket trading on Monday following the results.