Tyson Foods (TSN) Warns for FY18
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Tyson Foods Updates Outlook for Fiscal 2018
July 30, 2018 7:30 AM EDTSPRINGDALE, Ark., July 30, 2018 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) today revised fiscal year 2018 guidance. Although unable to reconcile revised 2018 adjusted earnings per share guidance to GAAP, the company now expects adjusted earnings for fiscal year 2018 to approximate $5.70-6.00 per share. Previously, the company had expected adjusted earnings per share of $6.55-6.70. Please see below for more information related to GAAP earnings per share guidance.
The primary drivers for this fiscal 2018 guidance update are:
Uncertainty in trade policies and increased tariffs negatively impacting domestic and export prices -... More