Wall Street Watch: Green Mountain Coffee Earnings Brewed Up Strong
Filed under: Earnings, Market News
Green Mountain Coffee Roasters (GMCR) isn’t dead after all.
Shares of the company behind the Keurig single-cup brewer and the K-Cup refills that keep hot blasts of coffee, tea, and other beverages coming were hot and caffeinated after posting blowout quarterly results after Tuesday’s market close.
Revenue soared 33 percent to $946.7 million and adjusted earnings raced 36 percent higher to $0.64 a share. Analysts were actually expecting essentially flat earnings growth for the period.
Java…
Wall Street Watch: Green Mountain Coffee Earnings Brewed Up Strong originally appeared on DailyFinance.com on 2012-11-28T06:00:00Z.
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