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Dean Foods reports no revenue growth for eighth quarter in a row
February 16, 2017 / 1:16 PM / 8 months ago

Dean Foods reports no revenue growth for eighth quarter in a row

Feb 16 (Reuters) - Dean Foods Co, the largest U.S. dairy processor, reported its eighth straight quarter without revenue growth as milk volume sales dropped slightly.

The company’s net sales were $2.02 billion in the fourth quarter ended Dec. 31, flat compared with a year earlier.

Net income rose to $32.83 million, or 36 cents per share, from $18.48 million, or 20 cents per share.

The company’s shares fell 4.6 percent to $19.50 in premarket trading on Thursday. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D‘Souza)

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