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News Watch
- 10/17/2008 2:15:36 PM
By Chip Brian, SmarTrend Analytics Team
Today, meat producer, Tyson Foods Inc. (NYSE:TSN), posted earnings results for its fiscal 3Q. Net income fell 92% to $9 million, or $0.03 per share, from last year's $111 million, or $0.31 per share. Revenue increased 3.5% to $6.85 billion from $6.6 billion last year. Low profit was caused by soaring grain and soybean prices used in feed.
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