Market Overview

UPDATE: Diamond Foods Posts Upbeat Q1 Adjusted Profit

Related DMND
Packaged Foods Broadly Lower On Weak Results From Kraft, Kellogg
Diamond Foods Appoints Dr. Celeste A. Clark to Board of Directors

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)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters