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Consumer Goods | Dairy Products | USA
Dean Foods Plunges on Quarterly Loss, Says It's Reviewing Alternatives
Shares fall significantly after Dean Foods reports a wider-than-expected fourth-quarter loss, cuts its dividend and talks of 'reviewing strategic alternatives.
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The maker of Land O'Lakes and Country Fresh dairy products said it lost $260.1 million, or $2.85 a share, in the fourth quarter vs. a profit of $52.3 million, or 57 cents a share, a year earlier. On an adjusted basis, it lost 50 cents a share, steeper than the 26 cents a share expected by analysts surveyed by FactSet.
Sales were roughly flat at $1.93 billion, though were higher than the FactSet consensus estimate of $1.91 billion. The company also said it was suspending its quarterly dividend, which in the third quarter was 3 cents a share.
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https://www.thestreet.com/investing/earn...k-14879874
![[Bild: DFc1dl1154.png]](https://finviz.com/publish/022719/DFc1dl1154.png)
Dean Foods Plunges on Quarterly Loss, Says It's Reviewing Alternatives
Shares fall significantly after Dean Foods reports a wider-than-expected fourth-quarter loss, cuts its dividend and talks of 'reviewing strategic alternatives.
...
The maker of Land O'Lakes and Country Fresh dairy products said it lost $260.1 million, or $2.85 a share, in the fourth quarter vs. a profit of $52.3 million, or 57 cents a share, a year earlier. On an adjusted basis, it lost 50 cents a share, steeper than the 26 cents a share expected by analysts surveyed by FactSet.
Sales were roughly flat at $1.93 billion, though were higher than the FactSet consensus estimate of $1.91 billion. The company also said it was suspending its quarterly dividend, which in the third quarter was 3 cents a share.
...
https://www.thestreet.com/investing/earn...k-14879874
