By Gerson Freitas Jr.
Tyson Foods Inc. signaled 2024 results that trailed analysts’ estimates and wrote down the value of its investments in beef amid a challenging economic backdrop, tighter cattle supplies and higher costs.
Sales of the largest US meat producer should remain relatively flat in the fiscal year that started in October, while operating income is expected to fall short of the $1.6 billion average of analyst estimates compiled by Bloomberg, the company said in a statement. The meatpacker reported quarterly adjusted earnings of 37 cents per share, down 77% from a year…
