Green Mountain (GMCR) Gets Boost as Peer Sodastream (SODA) Reports Strong Q2 Results, Boosted Outlook
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Price: $91.67 --0%
Financial Fact:
Income tax expense: -45.13M
Today's EPS Names:
FRGT, VAPO, CMRE, More
Financial Fact:
Income tax expense: -45.13M
Today's EPS Names:
FRGT, VAPO, CMRE, More
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Green Mountain Coffee Roasters (Nasdaq: GMCR) is looking stronger Wednesday morning following peer Sodastream International's (Nasdaq: SODA) strong second-quarter 2012 results and improved outlook.
Sodastream reported Q2 EPS of 52 cents, topping expectations by six cents. In addition, Sodastream sees seven percent more revenue growth in 2012 with an additional five percent of net income growth over 2011.
Both Green Mountain and Sodastream address a niche market of single-serve, lower-cost beverages. Both are sold at retailers like Bed, Bath, and Beyond (Nasdaq: BBBY), Kohl's (NYSE: KSS), and others, usually in the same department and just steps from each other.
Last week, Green Mountain produced its own strong Q2 results and outlook, sending shares vastly higher.
Ahead of the bell, Sodastream is up over 9 percent, while Green Mountain is indicated 0.6 percent higher.
Sodastream reported Q2 EPS of 52 cents, topping expectations by six cents. In addition, Sodastream sees seven percent more revenue growth in 2012 with an additional five percent of net income growth over 2011.
Both Green Mountain and Sodastream address a niche market of single-serve, lower-cost beverages. Both are sold at retailers like Bed, Bath, and Beyond (Nasdaq: BBBY), Kohl's (NYSE: KSS), and others, usually in the same department and just steps from each other.
Last week, Green Mountain produced its own strong Q2 results and outlook, sending shares vastly higher.
Ahead of the bell, Sodastream is up over 9 percent, while Green Mountain is indicated 0.6 percent higher.
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