Market Overview

UPDATE: Diamond Foods Posts Upbeat Q1 Adjusted Profit

Share:
Related DMND
Index Shuffling: Snyder's-Lance Will Replace California Resources In S&P MidCap 400, AMAG Pharma To Replace Diamond Foods In SmallCap 600
Diamond Foods Announces Minority Stake In Maker Of 'Better-For-You' Snacks

Diamond Foods (NASDAQ: DMND) reported better-than-expected Q1 adjusted profit.

On a net basis, Diamond Foods posted a quarterly loss of $10.7 million, or $0.49 per share, versus year-ago earnings of $10.8 million, or $0.47 per share. Excluding special items, the company earned $0.24 per share, versus analysts' estimates of $0.23 per share.

Its net sales dropped 10% to $258.5 million.

Diamond Foods shares dropped 2.58% to $13.60 in after-hours trading.

Posted-In: lossEarnings News

 

Related Articles (DMND)

View Comments and Join the Discussion!