Diamond Foods (NASDAQ:DMND) Second Quarter Profit Misses Estimates – DMND, SNAK, POST, JBSS

Diamond Foods, Inc (NASDAQ:DMND) announced on Monday that its net income for fiscal Q2 was $10.1 million or $0.43 a share, evaluated against a net loss of $20.2 million or $0.93 a share for similar quarter a year ago.

Most recent period comprise $6.7 million of net charges mainly from few special items.

Net income on adjusted basis for fiscal Q2 was $1.1 million or $0.05 a share without special items, evaluated against $233,000 or $0.01 a share in same period a year ago.

Net sales for fiscal Q2 tumbled to $220.84 million from $262.35 million in previous year. Thomson Reuters analysts survey most recently forecasted to earn $0.06 a share on revenue of $239.03 million for fiscal Q2.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Inventure Foods, Inc. (NASDAQ:SNAK) fell -1.97% to settle at $7.47, Post Holdings Inc (NYSE:POST) moved down -0.32% to end at $40.03 while John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) jumped +2.27% to finish at $19.41 on Monday.

Diamond Foods, Inc. (NASDAQ:DMND) last session’s volume of 1.17 million shares was higher than its average volume of 668,065 shares. The stock after opening at $17.50 hit high price of $17.94 and then closed at $17.60 by scoring +0.23%.

DMND generated revenue of $952.49 million in the previous twelve months and earned -$107.69 million. The Company showed a negative -11.32% in the net profit margin as well as in its operating margin which remained at -5.12%. Company’s annual sales growth for the past five years was 13.43%.

The DMND’s past twelve months’ price to sales ratio was 0.49 and price to cash ratio remained 47.37. As far as the returns are concerned, DMND’s return on equity was recorded as -28.81% and return on investment decreased -9.78% while its return on asset stayed at -7.48%.

The stock showed weekly upbeat performance of 7.91% which was maintained for the month at 23.94%. Likewise the positive performance for the quarter was recorded as 16.17% and for the year was -27.00% while the YTD performance remained at 28.75%.

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