T.I. (TXN), Boston Beer (SAM) Diamond Foods (DMND) Drop on Earnings Misses

Shares of Texas Instruments (NYSE:TXN), Boston Beer Co. (NYSE:SAM) Diamond Foods (NASDAQ:DMND) all dropped in after hours trading on earnings misses.

Texas Instruments was the least drop in share price, as they missed their numbers, but only narrowly.

Texas Instruments said it now estimates revenue be in the range of $3.34 billion to $3.48 billion for the first quarter, compared with a previous estimated range of $3.27 billion to $3.55 billion. It also now expects to earn 56 cents to 60 cents a share, compared with a previous projection of 54 cents to 62 cents a share. Guidance was also lowered by T.I.

Diamond Foods plummeted over 6 percent as the company said fiscal second-quarter revenue increased from $184.2 million to $257.6 million. Analysts polled by FactSet Research were looking revenue of $265.1 million.

Diamond also raised its guidance for estimated adjusted full-year earnings by 2 cents to a range of $2.45 to $2.51 a share, falling to the low end of expectations.

Shares of Boston Beer Co. posted fourth-quarter net income of $12.2 million, or 87 cents a share, on revenue of $126.3 million. Analysts had been looking for 90 cents a share on revenue of $118.5 million.

Boston Beer 2011 adjusted earnings guidance was $3.45 to $3.95 a share, compared with consensus of $3.95 a share.

Diamond Foods was trading after hours at $47.80, losing $3.21, or 6.29 percent. Texas Instruments was trading after hours $35.64, down $0.22, or 0.61 percent. Boston Beer was at $85.50, down $8.51, or 9.05 percent.