Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On March 18, 2009, Wimm-Bill-Dann Foods ( WBD) reported that it swung to a net loss during Q4 FY08, hurt by a multi-fold surge in financial expenses and the negative impact of currency translations. Net loss was $7.90 million compared to a net profit of $34.40 million in the year-ago quarter. Excluding foreign currency revaluation effect and adjustments for tax, the company's net income rose 12.6% to $32.50 million. The latest quarterly consensus estimate was EPS of $1.99. Revenue decreased 7.4% to $629.40 million from $680.00 million in the prior year's quarter. Looking at the company's business segments, Dairy revenue decreased 11.0% to $465.80 million from $523.80 million. Additionally, Beverages revenue slipped 2.7% to $100.70 million from $103.50 million, while Baby Food revenue climbed 19.3% to $62.90 million from $52.70 million. During the latest fourth quarter, the company's gross margin improved 258 basis points to 32.73% from 30.15% in the comparable quarter last year. Selling and distribution expenses grew 15.3% to $122.40 million, while general and administrative expenses narrowed 32.1% to $34.90 million. Subsequently, operating margin surged 146 basis points to 8.18% from 6.72%. Furthermore, financial expenses multiplied to $65.00 million from $1.40 million. Meanwhile, WBD incurred a capital expenditure (excluding acquisitions) of $36.40 million, down 44.0% from $65.00 million in Q4 FY07. Wimm-Bill-Dann's net sales for FY08 grew 15.8% to $2.82 billion from $2.44 billion in the previous year, driven by higher prices across segments. However, net earnings deteriorated 27.3% to $101.71 billion or $2.31 per share from $140.05 billion or $3.18 per share in FY07, due to a sharp increase in financial expenses.