Dreyer's Grand Ice Cream, Inc. (NNM:DRYR) today announced results for the first quarter ended March 31, 2001. The Company reported a $(.17) loss per diluted common share in the quarter compared to net income of $.08 per diluted common share for the first quarter of 2000. The loss, which is in the range previously disclosed by the Company, was due largely to the effect of higher commodity costs, particularly for dairy ingredients.