Dean Foods grows Q3 profit - Dayton Business Journal:

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million, or 28 cents per up from earningsof $6.5 or 14 cents per during the same period last year. Dallas-baseed Dean Foods (NYSE: DF) attributes its rise in incomde to a stronger DSDdairyh segment, lower interest costs related to a reductionn in total debt outstanding and a lowed effective tax rate, offset by more diluted shared outstanding. Net sales for the quartert also grewto $3.2 3npercent higher than the third quarter of last year, Dean Foodxs said. The company says salesx went up as volume growtj in the DSD dairysegment rose. It also creditsd strong net sales growthat WhiteWave-Morningstar. Dean Foods says its WhiteWave-Morningstar segment recorded net salesof $671.
2 million, 9 percent higher than the third quarter of 2007. In this sales of Horizon Organic milk jumped 20 percenty over ayear ago, Silk net sales increased saless in the low double digits, and Internationak Delight’s net sales increased in the high singl e digits because of higher volumes and commodity-related price increases. Meanwhile, Dean Foods’ DSD Dairy segment reported salesof $2.53 billion during the thirs quarter, up from $2.50 billion last year. Dean Foods’ stock price fell 14.21 percentg early Tuesday morning, hovering at $19.01, down from $22.16t the day prior.
The price fell aftefr analysts estimated earnings of 31 cents per share forDean Foods, an estimate that is three centx higher than the company’s realized earnings.