As it prepares to digest its Pringles acquisition, snack company Diamond Foods (DMND) posted strong fourth quarter earnings today, sending shares up 2.8% after the market closed.
Diamond posted52 cents of EPS, 8 cents better than expectations. Net sales of $232.8 million beat expectations for $216.3 million.
The company also released 2012 guidance, projecting EPS of $3.05 to $3.15, against expectations for $3.10.
“On August 3, 2011, the Company received the last of its antitrust clearances required for its pending merger of the Pringles business into Diamond in a Reverse Morris Trust transaction. The transaction is expected to close in December of this year”
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