DALLAS — Dean Foods Co. (DF) on Tuesday reported fourth-quarter net income of $5.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had profit of 6 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The milk company posted revenue of $2.4 billion in the period, which also fell short of Street forecasts. Analysts expected $2.44 billion, according to Zacks.
For the year, the company reported a loss of $20.3 million, or 22 cents per share, swinging to a loss in the period. Revenue was reported as $9.5 billion.
For the current quarter ending in March, Dean Foods expects its per-share earnings to range from 12 cents to 22 cents.
Dean Foods shares have declined roughly 7 percent since the beginning of the year. The stock has climbed 20 percent in the last 12 months.
Keywords: Dean Foods, Earnings Report