Green Mountain Coffee (GMCR) Rips Higher On Strong Q3 Results and Guidance

July 27, 2011 4:37 PM EDT
Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) are surging in after-hours trading following blow-out Q3 results and guidance.

The maker of single-serve coffee machines and K-cups reported Q3 EPS of $0.49, $0.12 better than the analyst estimate of $0.37. Revenue for the quarter came in at $717.2 million versus the consensus estimate of $606.76 million.

Green Mountain Coffee Roasters sees Q4 2011 EPS of $0.44-$0.48, versus the consensus of $0.43.

Green Mountain Coffee Roasters sees FY2012 EPS of $2.55-$2.65, versus the consensus of $2.15.

After halting for trading ahead of the news, shares resume trading up 14 percent.


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