Tyson Foods down after missing quarterly revenue estimate

Shares of meat packer Tyson Foods TSN.N down ~2% at $59.36 premarket

Co reports Q2 revenue of $13.07 billion, missing analysts' estimate of $13.14 billion, as per data compiled by LSEG

Co says legal contingency accruals in the quarter reduced sales by $343 million

In April, TSN and two other pork processors agreed to pay $64 million to settle a price-fixing lawsuit, bringing the total settlements in the case to over $180 million

TSN expects fiscal 2025 sales to be flat to up 1%, same as prior forecast

However, co beats quarterly profit estimates, benefiting from resilient demand for its chicken segment and higher prices of products, including beef

Logs Q2 adj. profit of 92 cents per share vs analysts' estimates of 82 cents per share

Up to last close, stock up 5.8% YTD