Dean Foods Q3 Results Miss View, Lowers FY17 Outlook
by RTTNews
Posted: 2017-11-08 15:35:33 EST

Dairy producer Dean Foods Co. ( DF ) on Tuesday reported a fall in profit for the third quarter from last year, reflecting impairment costs as well as lower sales and volume. Both revenue and adjusted earnings per share for the quarter missed analysts' expectations. Looking ahead, the company lowered the top end of its earnings outlook range for fiscal 2017.

Net income for the third quarter was $1.38 million or $0.02 per share, down sharply from $14.53 million or $0.16 per share in the prior-year quarter.

Excluding items, adjusted earnings from continuing operations for the quarter were $0.20 per share, compared to $0.37 per share in the prior year.

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