Denver, CO, 03/14/2014, (Avauncer.com) – Diamond Foods, Inc. (NASDAQ:DMND) settled flat yesterday after posting enormous gains a day earlier. The company’s second quarter earnings was the main driver behind the jump in stocks a day earlier. The Kettle Chips producer’s adjusted profit for the quarter came in at $0.09 per share versus the estimate of $0.08 per share. Its revenue was flat at $220.6 million as against the previous year’s number, but still higher than the market consensus of $216.8 million. Putting forward the guidance, the company’s expects its adjusted EBITDA to increase in spite of higher tree nut costs. Overall, Diamond Foods, Inc. (NASDAQ:DMND) appears to get over its past accounting scandal in 2011 and is making visible efforts for a turnaround.
magicJack VocalTec Ltd (NASDAQ:CALL) emerged as a winner on the stock exchange yesterday after recording 20% of gains on account of its extremelypleasant fourth quarterly results. Although the company witnessed 8% fall in its revenue to $38.2 million year-over-year and adjusted income declined to $0.69 per share, but it still made above the market consensus of 41 cents per share. Moreover, its strong fiscal guidance for the year 2014, wherein it projects revenue in between $158-$163 million is also over and above the general estimates of $147.2 million. magicJack VocalTec Ltd (NASDAQ:CALL) also announced its plans to expand its VoIP products to several new locations in the current year.
Oncothyreon Inc (USA) (NASDAQ:ONTY), which is a clinical-stage bio-pharma firm discussed its fourth quarter and full year results yesterday. The net loss of the company for the fourth quarter stood at $6.4 million, that is, ($0.09) per share against the estimate of ($0.10). At the same time, its net loss for the financial year too widened from $3.4 million or 6 cents per share in 2012 to $38.8 million, which is 62 cents per share in 2013. For the year 2014, Oncothyreon Inc (USA) (NASDAQ:ONTY) sees operating expenses to come down as compared to 2013, where a one-time upfront payment to Array escalated its costs.