November 14, 2012 at 17:08 PM EST
Diamond Foods Plunges 16% After Restating Earnings
There’s nothing like erasing $56.5 million in profits to sink a stock price. But that’s what snack food company Diamond Foods (DMND) did late Wednesday when it restated financial results for the fiscal years 2010 and 2011. Diamond, best known as the maker of Emerald snack nuts also reported a net loss of $2.46 a [...]
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