Diamond Foods Up 6.3%, Hits 52-Week High (DMND)

Shares of Diamond Foods, Inc. DMND are currently up 6.3% at $48.69 per share during Thursday morning trading. Today's trading range for shares of Diamond Foods, Inc has been between $47.98 and a 52-week high of $50.44 per share. The consensus price target of analysts covering the company's stock is $48.91 per share. Volume of 555,000 shares is is already more than double the daily average volume of 236,000 shares. Diamond Foods, Inc. (DMND) released financial results after the market closed on Monday that beat Wall Street estimates. Diamond Foods, Inc reported 1st quarter adjusted earnings of 65 cents per share, on revenue of $252.57 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 60 cents per share, on revenue of $240.39 million. Diamond Foods, Inc raised its full-year adjusted earnings guidance to a range of $2.43 to $2.49 per share, on revenue in the range of $920 million to $945 million. Chairman, president and CEO Michael J. Mendes said, "We are pleased with the organic growth in our base retail business, which has been augmented by the addition of Kettle. Our strong performance gives us the confidence to further invest in our brands while increasing our sales and earnings guidance." Read more from Benzinga's Company news.