Diamond Foods Inc. (DMND) reported third quarter adjusted EPS of $0.23 after the bell Thursday, compared to $0.11 in the prior year period. Analysts expected EPS of $0.15. Full year adjusted EPS is expected to be between $1.10 and $1.10, compared to prior expectations of $0.95 to $1.10. The consensus estimate is for EPS of $1.04.
Diamond Foods has gapped open sharply higher Friday morning and is now up 2.40 at $31.37. The stock has jumped to nearly a month and a half high and has re-crossed its 50-day moving average.
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