Stocks To Watch For June 3

Some of the stocks that may grab investor focus today are: Diamond Foods Inc DMND swung to a Q3 profit and lifted its projections for the year. DMND reported its quarterly profit at $7.7 million, or $0.34 per share, versus a loss of $4.3 million, or $0.22 per share, in the year-earlier period. Excluding one-time items, DMND would have earned $0.52 per share in the latest quarter. Its revenue climbed to $223 million from $138.7 million. However, analysts were expecting a profit of $0.48 per share on revenue of $216.6 million. Diamond Foods lifted its adjusted earnings forecast for the year to a range of $2.48 to $2.52 per share, from a range of $2.45 to $2.51 per share. Analysts expected earnings of $2.52 per share for the year. DMND shares fell 1.61% to $70.20 in after-hours trading. Walgreen Co WAG is scheduled to report its sales figures for the month of May. WAG shares declined 0.11% to $43.17 in the after-hours trading session. SAIC Inc SAI reported its fiscal first-quarter profit at $131 million, or $0.36 per share, up from a year-ago profit of $125 million, or $0.32 per share. Its revenue surged to $2.69 billion from $2.63 billion. However, analysts were expecting earnings of $0.33 per share on revenue of $2.71 billion. SAIC shares dipped 2.67% to $16.75 in after-hours trading. Wal-Mart Stores Inc WMT is all set to hold its annual shareholders meeting in Bentonville, Arkansas. WMT shares fell 0.07% to $53.51 in the after-hours trading session. VeriFone Systems Inc PAY lifted its yearly financial forecast and reported upbeat quarterly results. PAY reported its fiscal second-quarter earnings at $25.2 million, or $0.27 per share, versus $20.2 million, or $0.23 per share, in the year-earlier period. Excluding one-time items, PAY's earnings would have been $0.46 per share. Its revenue surged to $292.4 million from $240.7 million. Analysts were expecting earnings of $0.43 per share on revenue of $285 million. PAY shares dropped 0.21% to $47.04 in after-hours trading. Trading Ideas.