STOCKTON - Diamond Foods Inc. reported record fiscal year earnings of more than $14.7 million, up 75 percent from $8.4 million the year before, beating Wall Street outlook, as net sales topped $531 million in the 12 months ended July 31.

Per share earnings for fiscal 2008 were 91 cents, above mean analyst estimates of 89 cents, as estimated by First Call.

For the fourth quarter, earnings were $2.63 million, or 16 cents per share, more than triple the $774,000, or 5 cents per share, reported in the year-earlier period. Analyst outlook had averaged 13 cents a share, First Call reported.