Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) has some mixed earnings results after going through the figures. The battered stock and growth coffee outfit reported earnings of $0.60 EPS versus $0.36 EPS estimates from Thomson Reuters. Sales were about $1.16 billion against estimates of $1.06 billion. The company’s first-quarter profit rose and K-Cup portion pack sales grew by more than 100%.
As for guidance, Green Mountain gave adjusted earnings guidance of $0.60 to $0.65 EPS and it sees sales growth of about 45% to 50%. The growth sounds good, but the projection is $0.73 from Thomson Reuters.
Shares are halted in the after-hours and it will resume shortly.
UPDATE TO FOLLOW