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Dean Foods Tumbles on Earnings Miss, Soft Outlook

Posted Feb 10th 2010 2:15PM by Trey Thoelcke (RSS feed)
Filed under: Major Movement, Earnings Reports, Dean Foods (DF)

Dean Foods (DF) shares fell more than 15%, or $2.70, in Wednesday morning trading to a new 52-week low.

For the quarter ended Dec. 31, Dean Foods reported net income of $50 million, or 27 cents per share, down from $66 million, or 42 cents a share, in the year-ago period. Price pressure at retailers and rising dairy costs dragged down results. Excluding charges, Dean Foods said it earned 31 cents a share.

Continue reading Dean Foods Tumbles on Earnings Miss, Soft Outlook

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