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Earnings After the Bell: Diamond Foods, Quiksilver, SAIC, Verifone Friday, June 3, 11:56 AM ET
Diamond Foods (DMND) reported fiscal third quarter earnings after the close of trading yesterday of $7.7 million, or $0.34 per share, a swing from a loss of $4.3 million, or $0.22 per share, last year.
Adjusted earnings of $0.52 per share were ahead of analyst expectations, as was a 61% increase in revenue, to $223 million.
Diamond hiked it earnings outlook to $2.48 to $2.52 per share, which is still below analyst expectations at the low end.
Also late yesterday, Quiksilver (ZQK) reported a second quarter loss of $83.3 million, or $0.51 per share, compared to earnings of $9.4 million, or $0.07 per share, last year.
The surfing-, snowboarding-, and skateboarding-inspired retailer said earnings totaled $0.09 per share excluding restructuring and other charges.
Adjusted earnings exceeded analyst expectations, as did a 2% increase in revenue, to $478.1 million.
SAIC (SAI) posted first quarter earnings late yesterday of $131 million, or $0.36 per share, compared to $125 million, or $0.32 per share, last year.
The engineering and technology services company said revenue rose to $2.69 billion from $2.63
billion in last yearís first quarter.
Earnings per share exceeded analyst forecasts, but revenue fell short.
And, Verifone Systems (NYSE:PAY) said late yesterday fiscal second quarter earnings totaled $25.2 million, or $0.27 per share, compared to $20.2 million, or $0.23 per share, last year.
The electronic payment processing systems company said adjusted earnings totaled $0.46 per share, while revenue grew to $292.4 million from $240.7 million last year. Both figures beat analyst expectations.
Verifoneís forecast for earnings of $1.80 to $1.83 per share for the full year beats expectations as well.
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