REUTERS: Meat processor Tyson Foods Inc Chief Executive Officer Noel White said on Wednesday the poultry business contributed to about half of its 2019 earnings forecast cut.
The company on Tuesday lowered its 2019 adjusted earnings between US$5.30 and US$5.70 per share, from a prior forecast of US$5.75 to US$6.10 per share, citing a range of reasons including a recent fire at its Holcomb slaughterhouse and volatility in the commodity market."It was extremely unusual to have that number of events within one quarter," White said on a Barclays conference call.
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