Diamond Foods, Inc. (DMND) Misses Q3 EPS by 5c

Diamond Foods, Inc. (NASDAQ: DMND) reported Q3 EPS of $0.11, $0.05 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $190.9 million versus the consensus estimate of $193.18 million.

"We are very pleased with the overall performance of our Snacks segment in the third quarter, as we continued to deliver solid year-over-year sales growth and gross margin expansion," said Brian J. Driscoll, President and CEO. "While these results reflect strong progress against our overall turnaround plan, in the Nuts segment a walnut cost increase this quarter impacted our results by $2.2 million."

Outlook

Despite headwinds associated with tree nut commodity costs in fiscal 2014 that adversely impacted the Nuts segment; the Company expects to realize an increase in Adjusted EBITDA year-over-year.

For earnings history and earnings-related data on Diamond Foods, Inc. (DMND) click here.

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