Plus   Neg

Dean Foods Falling Sharply On Wider Than Expected Q3 Loss

Shares of Dean Foods Co. (DF) have shown a substantial move to the downside during trading on Wednesday, plunging by 25.3 percent. With the slump, Dean Foods has tumbled to its lowest intraday level in over twenty years.

The steep drop by Dean Foods comes after the dairy producer reported a third quarter adjusted loss of $0.28 per share, much wider than the $0.06 per share loss expected by analysts.

Dean Foods reported revenues for the quarter that exceeded expectations but also lowered its full-year profit forecast.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT