Why Diamond Foods (DMND) Stock Is Up Today

NEW YORK (TheStreet) -- Diamond Foods (DMND) was gaining 8.5% to $28.87 Friday after beating analysts' estimates for earnings and revenue in the fiscal fourth quarter.

The food company reported earnings of 19 cents a share for the fourth quarter, beating the 15 cents a share analysts surveyed by Thomson Reuters expected for the quarter. Revenue grew 9.7% year over year to $219.1 million for the quarter. Analysts expected earnings of $208.41 million for the quarter.

Looking forward to fiscal 2015, Diamond Foods expects earnings of 90 cents to $1.10 a share, compared to analysts' estimates of $1.16 a share for the year.

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

"We rate DIAMOND FOODS INC (DMND) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow."

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

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