Tyson Foods beats quarterly profit estimates even as sales slip

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Tyson Foods surpassed Wall Street expectations for second-quarter profit on Monday, as it begins to reap the benefits of shutting some chicken processing plants to reduce costs. The biggest U.S. meat company by sales has shuttered six U.S. chicken plants since the start of last year, laid off corporate employees and announced plans to close a pork plant, in an attempt to rein in costs. Tyson's second-quarter net sales fell 0.5% to $13.07 billion, compared with estimates of $13.16 billion.