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Dean Foods withdraws full-year forecast
August 11, 2014 / 12:30 PM / 3 years ago

Dean Foods withdraws full-year forecast

Aug 11 (Reuters) - Dean Foods Co said it was withdrawing its full-year forecast, citing record high milk costs.

Dean Foods’ shares fell as much as 8.3 percent in premarket trading on Monday.

The company’s net loss narrowed to $1 million, or 1 cent per share, in the second quarter ended June 30, from $57 million, or 61 cents per share, a year ago.

Excluding items, the company reported a loss of 14 cents.

Net sales rose 7.5 percent to $2.4 billion. (Reporting by Siddharth Cavale in Bangalore; Editing by Sriraj Kalluvila)

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