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>> MILK Latest News

FEB 13, 2013 - MarketWatch

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Dean Foods shares slide 8% on outlook

SAN FRANCISCO (MarketWatch) -- A weak outlook sent shares of milk producer Dean Foods tumbling Wednesday morning. The stock dropped 8% to $16.85 a share, ranking it as the second-worst percentage decliner on the S&P 500 . Dean forecast a first quarter profit of 22 cents to 27 cents a share. Analysts had been looking for 30 cents, according to a FactSet poll. In addition, Dean said it lost a "significant customer." Based in Dallas, Dean has been restructuring its business in recent months, selling its Morningstar business and spinning off its Soy Silk unit now called WhiteWave Foods. Despite ... Read More

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