Diamond Foods reverses AH on FQ1 outlook

|About: Diamond Foods, Inc. (DMND)|By:, SA News Editor

After being up 4% AH on a FQ4 beat (juiced by a one-time $13M tax benefit), Diamond Foods (DMND) shares have reversed and are down 5.9% after management said on the conference call that it expects "significant sales and contribution headwinds" in FQ1 due to the relaunch of its Emerald line and lower walnut supply.