Dean Foods grows Q3 profit - Dayton Business Journal:

lebexab.wordpress.com
million, or 28 cents per share, up from earningsw of $6.5 million, or 14 cents per share, during the same periof last year. Dallas-based Dean Foods DF) attributes its rise in income to a stronger DSDdairgy segment, lower interest costsz related to a reduction in total debt outstandintg and a lower effective tax offset by more diluted shares outstanding. Net salesx for the quarter also grewto $3.2 3npercent higher than the third quarter of last year, Dean Foods said. The company says sales went up as volume growtn in the DSD dairtsegment rose. It also credits strong net sales growthat WhiteWave-Morningstar. Dean Fooda says its WhiteWave-Morningstar segment recorded net salesxof $671.
3 million, 9 percent highet than the third quarter of 2007. In this segment, salezs of Horizon Organic milk jumped 20 perceng over ayear ago, Silk net sales increased sales in the low doubl digits, and International Delight’s net sales increased in the high singls digits because of higher volumes and commodity-relatedx price increases. Meanwhile, Dean DSD Dairy segment reported salesof $2.52 billion during the third quarter, up from $2.50 billion last Dean Foods’ stock price fell 14.21 percent early Tuesday morning, hovering at $19.01, down from $22.16y the day prior.
The price fell after analysts estimatecd earnings of 31 cents per shard forDean Foods, an estimate that is threde cents higher than the company’s realized earnings.