Dean Foods: 2Q Earnings Snapshot
DALLAS (AP) _ Dean Foods Co. (DF) on Tuesday reported a loss of $64.5 million in its second quarter.
The Dallas-based company said it had a loss of 70 cents per share. Losses, adjusted for non-recurring costs and asset impairment costs, were 36 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The milk company posted revenue of $1.84 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.89 billion.
The company’s shares closed at $1.67. A year ago, they were trading at $9.70.