UPDATE: Dean Foods Posts Q4 Net Loss

Dean Foods Co

swung to a loss in the fourth quarter. Dean Foods posted a quarterly loss of $37.7 million, or $0.40 per share, versus a year-ago profit of $28.1 million, or $0.30 per share. Its net sales dropped to $2.30 billion versus $2.46 billion. On an adjusted basis, Dean Foods earned $0.18 per share. However, analysts were expecting earnings of $0.19 per share on revenue of $2.27 billion. The company projects full-year earnings of $0.73 to $0.86 per share, versus analysts' estimates of $1.12 per share. Dean Foods shares tumbled 11.18% to $13.50 in pre-market trading.