Tyson Foods, Inc. (NYSE:TSN) the world’s largest meat producer said it lost $455 Million, or $1.22 per share during its recent quarter. This compared to a profit of $48 million, or 13 cents a share, in the same period of 2008, excluding a one-time charge for its beef business, Tyson would have earned 28 cents a share, two cents better than analysts had forecasted. Tyson said its revenue inched higher to $7.21 billion, up $13 million from a year ago and well above the analyst’s view of $6.8 billion.
"Fiscal 2010 should be a much better year," Jim Lochner, Tyson's new chief operating officer, said in a statement. "We think beef, pork and prepared foods will continue with a solid performance, and we expect the steps we've taken to improve chicken will manifest themselves.” Just last week Donnie Smith replaced Leland Tollett as Tollett stepped down as interim President and Chief Executive Officer
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