Why Dean Foods Company Fell 26.7% in August

Shares of Dean Foods Company (NYSE: DF) fell 26.7% in August, according to data from S&P Global Market Intelligence, after the food and beverage specialist announced disappointing quarterly results and the resignation of its chief financial officer.

More specifically, Dean Foods stock plummeted more than 20% on Aug. 8, the first trading day after its second-quarter 2017 report. In it, Dean Foods confirmed that revenue had climbed a modest 4.2% year over year to $1.93 billion, while adjusted net income dropped 43% to $19.6 million, or $0.21 per share. By comparison, consensus estimates had predicted adjusted net income of $0.31 per share on slightly higher revenue of $1.94 billion.

IMAGE SOURCE: DEAN FOODS.

Source: Fool.com