Diamond Foods Q3 Results Miss Estimates

(RTTNews) - Diamond Foods, Inc. (DMND) reported a net loss for the third quarter of $105.6 million or $3.63 per share, compared to a net loss of $15.6 million or $0.71 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $3.5 million or $0.11 per share.

Net sales for the third quarter rose 3.2% to $190.89 million from $184.91 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.17 per share on revenue of $191.72 million for the third quarter. Analysts' estimates typically exclude special items.