Dean Foods Updates Q3, FY13 Outlook On Post-Split Basis - Quick Facts

(RTTNews) - Dean Foods Co. (DF) Monday reiterated its third-quarter financial guidance while updating the figures to account for the impact of the reverse stock split.

On a post-split basis, the company currently projects adjusted earnings in the range of $0.10 to $0.16 per share for the third quarter. This compares to the previous guidance range of $0.05 to $0.08 per share on a pre-split basis. Analysts currently expect third-quarter earnings of $0.15 per share.

For the fiscal year 2013, the company earlier expected adjusted earnings in a range of $0.47 to $0.53 per share on a pre-split basis. This roughly translates to adjusted earnings of $0.94 to $1.06 on a post-split basis. Analysts currently expect full-year earnings of $0.50 per share.