Dean Foods Slips To Loss In Q3 - Quick Facts

(RTTNews) - Dean Foods Co. (DF) reported third-quarter net loss attributable to the company of $16.0 million or $0.17 per share, compared to net income of $415 million or $4.35 per share in the previous year.

On an adjusted basis, net loss was $3 million or $0.03 per share, compared to net income of $11 million or $0.12 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the latest third quarter grew to $2.37 billion, from $2.20 billion last year, while ten analysts had a consensus revenue estimate of $2.35 billion for the quarter.

Looking ahead to the fourth quarter, the company expects adjusted net loss of between $0.05 and $0.15 per share. Analysts project third-quarter loss of $0.02 per share.

For fiscal 2014, the company expects adjusted net loss of between $0.06 to $0.16 per share. Analysts now expect fiscal 2014 net loss of $0.33 per share.