NEW YORK (TheStreet) -- Diamond Foods (DMND) shares are gaining in after-hours trading Thursday, up 1.06% to $27.77, following the release of the company's second quarter earnings results after the closing bell today.

The company reported second quarter net income of $11.2 million, or 35 cents per diluted share, after reporting a second quarter net loss and EPS of just 9 cents per share last year. The company generated $229.7 million in the period.

Analysts on average were expecting the company to report earnings of 25 cents per diluted share on revenue of $236.4 million.

For the year, the company expects earnings to be in the 95 cents to $1.10 per share range.

TheStreet Ratings team rates DIAMOND FOODS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate DIAMOND FOODS INC (DMND) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: DMND Ratings Report

DMND

data by

YCharts