What happened Shares of Amplify Snack Brands (NYSE: BETR), a snack-food company focused on developing and marketing "better for you" snacks, fell 15% as of 11:20 a.m. EST after the company's third-quarter results failed to live up to expectations. So what Amplify, most known for its popcorn and tortilla chip snacks, posted revenue of $94.9 million during the third quarter, which fell modestly below analysts' estimates calling for $98.7 million. That weaker-than-expected result carried through to the bottom line as well, with adjusted earnings per share checking in at $0.07, below analysts' estimates calling for $0.09 per share. While the results fell short of Wall Street expectations, the silver lining for investors is that growth was still visible: Organic net sales jumped 9.4% over the prior year. Image source: Getty Images. "During the quarter, we continued to drive strong growth and profitability and, while our quarterly results did not meet our expectations, we made good progress on our strategic initiatives across our business and believe we are well positioned for the future," said Tom Ennis, Amplify's chief executive officer, in a press release. Now what Today's 15% decline only adds to the company's stock price woes: The share price is down 42% in 2017 and 64% over the past 12 months. It's true that Americans are trending toward healthier eats, but it's equally true that for Amplify's stock to rebound, management needs to innovate snack foods beyond popcorn and tortilla chips to drive better financial results. 10 stocks we like better than Amplify Snack BrandsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Amplify Snack Brands wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of November 6, 2017Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.