Dean Foods up 10% on Strong Earnings and Guidance

Dean Foods Company DF is trading higher on the session following its Q1 earnings announcement. The company reported an EPS of $0.31 vs $0.21 estimates and revenues $3.21 billion vs $3.13 billion estimates. Dean Foods also guided Q2 EPS $0.28-0.33 vs $0.22 estimates. Gregg Engles, Chairman and CEO stated: "Today we announced strong first quarter results, driven by stronger than forecasted growth across each of our three operating segments, and supported by tight expense control across the business. As a result, consolidated adjusted operating income increased 42% above year ago levels." Dean Foods is currently trading at $14.02, a gain of $1.30 or 10.22%.