Dean Foods: 3Q Earnings Snapshot
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.