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Dean Foods Swings to Profit on Lower Milk Costs

Berkeley Farms dairy products, a brand of Dean Foods Co., are displayed for sale ...

Earnings topped Wall Street expectations, and the company offered upbeat guidance for the current quarter.

Dallas-based Dean Foods has been aiming to shift more of its business toward branded milk and ice cream products that command higher profits, at a time when alternatives like almond and soy milk have cut into sales of traditional cow’s milk.

Still, lower raw milk prices have helped the company’s results in recent quarters, working to offset declining volumes. In the...