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 (NAS: 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 (NYS: PG) Pringles brand.

  • PepsiCo (NYS: PEP) reported earnings that beat estimates across the board.

  • Cisco Systems (NAS: CSCO) had a huge fiscal second quarter with analyst-beating earnings.

  • Whole Foods (NAS: WFM) served up numbers that beat estimates by $0.05 for the company's fiscal first quarter.

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At the time thisarticle was published Fool contributor Tamara Rutter owns shares of Procter & Gamble and PepsiCo. Follow her on Twitter using the handle @TamaraRutterfor 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 insightsmakes us better investors. The Motley Fool has a disclosure policy.

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