Dean Foods: 3Q Earnings Snapshot

November 7, 2018

DALLAS (AP) _ Dean Foods Co. (DF) on Wednesday reported a third-quarter loss of $26.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had a loss of 29 cents. Losses, adjusted for one-time gains and costs, came to 28 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The milk company posted revenue of $1.89 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.84 billion.

Dean Foods expects full-year results to range from a loss of 30 cents per share to a loss of 10 cents per share.

Dean Foods shares have decreased 33 percent since the beginning of the year. The stock has declined 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DF at https://www.zacks.com/ap/DF

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