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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:10 EDTDFDean Foods sees Q1 adjusted EPS about breakeven, consensus 28c
"We expect the first half of 2014 to be particularly difficult as we battle the RFP driven volume losses and the associated margin pressures we experienced primarily late in the second quarter and early third quarter of 2013. We will not fully lap these impacts until the second half of the year, which will make for a very tough first half comparison, particularly in Q1. We expect our first quarter will be our most difficult quarter of this year as we chase the current all-time high Class I commodity environment, overlap the full brunt of the RFP driven volume losses and margin pressures, and continue to work through the transitory costs associated with our accelerated plant closure agenda. All in, we expect first quarter adjusted diluted earnings per share to be approximately break-even with 3c of potential risk or benefit implied. We expect our performance to improve throughout the year as we adjust to offset inflation, volume from new business flows into the system and our cost reduction initiatives continue to gain momentum."
News For DF From The Last 14 Days
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August 12, 2014
10:00 EDTDFOn The Fly: Analyst Upgrade Summary
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07:46 EDTDFDean Foods upgraded at Credit Suisse
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06:23 EDTDFDean Foods upgraded to Outperform from Neutral at Credit Suisse
August 11, 2014
10:00 EDTDFDean Foods falls after results and guidance, levels to watch
The stock is down over 7.1% to $14.68 at time of writing. At that price next support is at $14.19, which is the session low, and then at $13.59 which is the 52-week low. Resistance is at $15.46.
09:35 EDTDFDean Foods says full-year guidance withdrawn over milk cost uncertainty
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09:28 EDTDFDean Foods sees raw milk cost increases moderating in late 2014, early 2015
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09:18 EDTDFDean Foods says tradedown to private label white milk impacting margins
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09:10 EDTDFDean Foods says concerned about cereal category influence on fluid milk use
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09:06 EDTDFOn The Fly: Pre-market Movers
HIGHER: PharmAthene (PIP), up 55% after announcing that a Delaware court awarded the company lump sum expectation damages for the value of its lost profits for SIGA Technologies' (SIGA) smallpox antiviral, Tecovirimat... MannKind (MNKD), up 19% after entering exclusive licensing agreement for development and commercialization of Afrezza inhaled insulin with Sanofi (SNY)... Kinder Morgan (KMI), up 19% after announcing it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Tesla (TSLA), up 2.7% following upgrade at Deutsche Bank... Achillion (ACHN), up 6% following upgrades at Wells Fargo and at Piper Jaffray... PepsiCo (PEP), up 0.9% following upgrade at UBS. LOWER: Dean Foods (DF), down 8.6% after reporting Q2 losses that were steeper than expected, saying balance of year "appears rocky," which makes it difficult to provide guidance beyond the immediate quarter... Priceline (PCLN), down 0.7% after reporting Q2 revenue that missed expectations, guiding Q3 EPS below consensus... SIGA Technologies, down 31% after ruling in suit with PharmAthene... 2U (TWOU), down 4.3% after downgraded at Goldman.
08:03 EDTDFDean Foods sees FY14 CapEx in low end of $150M-$175M
08:02 EDTDFDean Foods sees Q3 EPS (15c)-(5c), consensus 26c
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08:01 EDTDFDean Foods: Q2 more challenging than anticipated
The company adds, "This is by far the most difficult operating environment in the history of the company, reinforcing the importance of the initiatives we have underway... The Company continues to make solid progress against its accelerated cost reduction agenda. Since announcing in the first quarter of 2013 its intention to close eight to twelve of its manufacturing facilities by mid-2014 the Company has closed twelve plants. Four of the twelve closures occurred in June and July of this year. As we move beyond our accelerated cost reduction agenda, we expect to return to our normal optimization activities."
08:00 EDTDFDean Foods reports Q2 adjusted EPS (14c), consensus (6c)
Reports Q2 revenue $2.39B, consensus $2.32B

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