Dean Foods beats by $0.06, reports revs in-line; guides Q4 EPS above consensus :
- Reports Q3 (Sep) earnings of $0.30 per share, $0.06 better than the Capital IQ Consensus of $0.24; revenues fell 14.3% year/year to $2.03 bln vs the $2.04 bln Capital IQ Consensus.
- "Turning to the forward outlook for the fourth quarter, with the continuation of commercial and brand initiatives, diligent cost focus, seasonal demand driving beneficial product mix, and an overall favorable commodity environment which is supportive, we expect to close out this year with strong fourth quarter results."
- Co issues upside guidance for Q4, sees EPS of $0.28-0.38 vs. $0.24 Capital IQ Consensus Estimate.
- Co issues upside guidance for FY15, sees EPS of $1.15-1.28 vs. $1.05 Capital IQ Consensus Estimate.
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