Earnings roundup: Tyson, McDermott

Earnings roundup: Tyson says 3Q net income falls; McDermott 2Q net income falls

Associated Press

Among the earnings stories for Monday, Aug. 6, from AP Business News:

— Tyson Foods Inc., the nation's biggest meat company, said that its fiscal third-quarter net income dropped 61 percent, pulled down by hefty debt-related charges and lower U.S. consumer demand for chicken and beef.

— McDermott International Inc., which designs and builds offshore drilling platforms, said that second-quarter profit fell 22 percent due to an operating loss in the Atlantic region.

— Ceragon Networks Ltd., which makes equipment for wireless networks, said that its second-quarter loss narrowed to $1 million as revenue rose 8 percent.

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