Tyson Foods Inc. (TSN) reported second quarter adjusted EPS of $0.36 Monday morning, which fell short of the consensus estimate of $0.45. Sales increased 1.8 percent to $8.42 billion from $8.27 billion last year, but missed the consensus estimate of $8.58 billion.
The company also trimmed its full year 2013 sales guidance to about $34.5 billion from the prior forecast of about $35 billion. The consensus estimate is for revenues of $34.49 billion.
Tyson Foods gapped open lower Monday and is now down 1.05 at $23.88. The stock has fallen to a 2-week low and has dropped below its 50-day moving average.
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