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
Snap Inc. (SNAP) Tuesday reported a narrower loss for the second quarter that also was better than Wall Street's expectations, as revenues surged on strong user growth. The company issued a strong revenue guidance for the current quarter, sending its shares up 10 percent in after-hours trade. California-based... Shares of Texas Instruments Inc. (TXN) gained over 6% in extended trading session on Tuesday after the analog chip maker reported a second-quarter profit and revenue that trumped analysts' expectations. The company also issued a strong financial outlook for the third quarter. Dallas, Texas-based Texas... Justin Sun, the entrepreneur who founded the cryptocurrency platform TRON, has postponed his charity lunch with billionaire investor Warren Buffett due to ill health. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones....
Follow RTT