Dean Foods profit rises
Higher sales of the company's Horizon Organic milk also helped boost earnings, even as the organic milk segment as a whole showed signs of slowing, the company said.
The company said profit was $66.4 million, or 42 cents a share, in the fourth quarter, compared with $32.6 million, or 24 cents a share, a year earlier.
Excluding one-time items, Dean earned 46 cents a share. Analysts on average forecast 39 cents a share, according to Reuters Estimates.
The company also said it expects earnings per share of at least $1.50 for 2009, reflecting a mid-teens increase. Analysts on average forecast $1.49, according to Reuters Estimates.
(Reporting by Brad Dorfman; Editing by Steve Orlofsky)