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Diamond Foods Finds Itself in the Rough

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Diamond Foods (Nasdaq: DMND  ) ousted its CEO and CFO after an internal investigation exposed improper payments to walnut growers. The scandal could cost Diamond its pending deal to buy Procter & Gamble's (NYSE: PG  ) Pringles brand.
  • PepsiCo (NYSE: PEP  ) reported earnings that beat estimates across the board.
  • Cisco Systems (Nasdaq: CSCO  ) had a huge fiscal second quarter with analyst-beating earnings.
  • Whole Foods (Nasdaq: WFM  ) served up numbers that beat estimates by $0.05 for the company's fiscal first quarter.  

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Fool contributor Tamara Rutter owns shares of Procter & Gamble and PepsiCo. Follow her on Twitter using the handle @TamaraRutter for daily roundup coverage and other Foolish insights. The Motley Fool owns shares of Cisco Systems, Whole Foods, and PepsiCo. Motley Fool newsletter services have recommended buying shares of Whole Foods, PepsiCo, Cisco Systems, and Procter & Gamble, as well as creating a diagonal call position in PepsiCo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (2) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 09, 2012, at 12:31 PM, DJDynamicNC wrote:

    Ok, I love a catchy headline and this one is great.

  • Report this Comment On February 09, 2012, at 1:07 PM, BradReeseCom wrote:

    Hi Tamara,

    Cisco's historical financial statements confirm an -$809 million discrepancy in security sales:

    According to Cisco's historical financial statements, Q2'FY12 security sales were actually down -6.96% year-over-year, not up +24% as shown in its new statements.

    Where did the -$809 million discrepancy go?

    Note: Cisco did not respond to my repeated requests for clarification, nor did Cisco clarify the -$809 million discrepancy in its Q2'FY12 earnings call nor its Q1'FY12 earnings call.


    Brad Reese

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Related Tickers

10/26/2016 11:37 AM
CSCO $30.79 Up +0.45 +1.48%
Cisco Systems CAPS Rating: ****
DMND.DL $0.00 Down +0.00 +0.00%
Diamond Foods CAPS Rating: **
PEP $107.54 Up +0.31 +0.29%
PepsiCo CAPS Rating: ****
PG $87.61 Up +0.64 +0.74%
Procter and Gamble CAPS Rating: ****
WFM $28.56 Down -0.03 -0.10%
Whole Foods Market CAPS Rating: ****