Diamond Foods Q2 Adj. Profit Tops View - Quick Facts

(RTTNews) - Diamond Foods Inc. (DMND) posted second-quarter net loss of $15.1 million, compared to net income of $10.1 million last year. Loss per share for the quarter widened to $0.68 from $0.37 in the comparable quarter last year.

Non-GAAP net income for the latest second quarter was $2.6 million or $0.09 per share, up from $1.1 million or $0.05 per share in the previous year quarter. On average, six analysts polled by Thomson Reuters expected the company to earn $0.08 per share. Analysts' estimates typically exclude special items.

Quarterly net sales fell to $220.58 million, from $220.84 million in the prior-year period, while five analysts expected revenues of $216.75 million for the quarter.