Shares of Tyson fell 7.6 percent to a 52-week low Monday after the food company cut its full-year guidance on trade worries related to the Trump administration’s imposition of tariffs and a turbulent commodities market.
The international food company now expects adjusted earnings for fiscal year 2018 at approximately $5.70 to $6.00, down from a range of $6.55 to $6.70.
“The combination of changing global trade policies here and abroad, and the uncertainty of any resolution, have created a challenging market environment of increased volatility, lower prices and oversupply....More>>>