Dean Foods Co.’s (DF) fourth-quarter earnings fell 24% as the largest U.S. dairy
processor and distributor by revenue was hurt by higher commodities costs; the
results fell short of Wall Street views.
The company also projected first-quarter earnings of 25 cents to 30 cents a
share, while analysts’ average estimate was 40 cents a share, according to
Thomson Reuters. Dean Foods also forecast earnings of $1.54 to $1.64 a share for
the year, compared with analysts’ projection of earnings of $1.69 a share.
Shares were down 6.4% premarket to $16.52.
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