May 8, 2014 / 12:20 PM / 4 years ago

Dean Foods reports loss on higher milk costs, supply disruptions

May 8 (Reuters) - Dean Foods Co, the largest U.S. dairy processor, reported a quarterly loss, as milk costs rose and a severe winter in the United States hurt supply.

The company’s shares fell 8 percent in premarket trading on Wednesday.

Net loss attributable to Dean Foods was $9 million, or 9 cents per share, in the first quarter ended March 31 compared with a profit of $493 million, or $5.30 per share, a year earlier.

Excluding items, the company had a loss of 5 cents per share.

Revenue fell about 2 percent to $2.34 billion.

Reporting by Devika Krishna Kumar in Bangalore; Editing by Kirti Pandey

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