NEW YORK (TheStreet) -- Diamond Foods (DMND) stock is down by 5.87% to $29.50 in after-hours trading on Tuesday, after the company reported revenue below estimates for the fourth quarter and full year of fiscal 2015.

The Stockton, CA.-based food company's revenue fell 7.9% to $201.81 million for the quarter, compared with $219.07 million for the fourth quarter of fiscal 2014.

Analysts surveyed by Thomson Reuters had estimated quarterly revenue would decline to $210.08 million.

Diamond Foods also posted earnings of 23 cents per share for the quarter ended July 31, a 21.1% increase over the same period last year and above analysts' estimates of 21 cents per share.

The company's annual revenue dropped to $864.17 million for fiscal 2015, missing estimates of $872.25 million.

Diamond Food's annual earnings rose 71.9% to $1.10 per share, beating expectations by 2 cents.

"We are encouraged by our fourth quarter earnings performance, which was fueled by strong gross margin improvement," CEO Brian Driscoll said in a statement. "We are also pleased with the continued growth of Kettle in North America, Pop Secret market share gains, and the early signs of success in the Emerald transition to stand up bags."

Separately, TheStreet Ratings team rates DIAMOND FOODS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

We rate DIAMOND FOODS INC (DMND) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: DMND

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