Diamond Foods posts 4Q loss of $1.9 million, result tops expectations

MarketsAssociated Press

Diamond Foods Inc. (DMND) on Thursday reported a loss of $1.9 million in its fiscal fourth quarter.

The Stockton, California-based company said it had a loss of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 19 cents per share.

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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The snack food maker posted revenue of $219.1 million in the period.

Diamond Foods expects full-year earnings in the range of 90 cents to $1.10 per share.

Diamond Foods shares have increased 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.62, a rise of 21 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. A stock research report on DMND from Zacks is available at: http://www.zacks.com/ap/DMND


Keywords:Diamond Foods,Earnings Report