EPS for q42009 of 31cents per share was 6cents below the expected 37cents.
As for how they missed earnings when revenue came in higher and gross margin was up 1.3% year over year, look to their discussion of corporate expense, up huge:
Free Cash Flow as defined by Dean Foods would indicate a FCFY of about 12.2% - sounds juicy, but for a company as leveraged as this I'd demand more yield. The 2017 debt yields about 7.6% right now, so I suppose the equity could yield as low as 10%? That said, I'd rather buy the stock when it's yield has more room to fall.
Copyright 2010 AlphaNinja