Editor’s Note: Related tickers: Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Coffee Holding Co., Inc. (NASDAQ:JVA), Starbucks Corporation (NASDAQ:SBUX), Dunkin Brands Group Inc (NASDAQ:DNKN), Groupon Inc (NASDAQ:GRPN)
Green Mountain Gains After Raising Forecast on K-Cups (Bloomberg)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), the maker of Keurig single-serve brewers, rose to the highest price in more than a year after boosting its profit forecast on higher K-Cup sales and announcing an expanded partnership with Starbucks Corporation (NASDAQ:SBUX)…Profit excluding certain items in the year ending in September will be as much as $3.15 a share, up from a previous forecast for a maximum of $2.82, Green Mountain said in a statement yesterday. Analysts, on average, projected $2.85. Starbucks Corporation (NASDAQ:SBUX) also announced yesterday it will add K-Cup brands including Seattle’s Best Coffee in a five-year agreement with Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR).
Green Mountain, Groupon soar after-hours on earnings (USAToday)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and Groupon Inc (NASDAQ:GRPN) are giving investors even more to cheer for after stocks already ended the day at new closing highs. Shares of both of companies soared more than 10% in after-hours trading as investors saw things they liked in their quarterly earnings reports and Green Mountain struck a key deal with Starbucks Corporation (NASDAQ:SBUX). Shares of Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) were up nearly 11% in after-hours trading, following its gain of 92 cents to $59.48 in regular trading. The company behind the dominant Keurig single-cup coffee makers reported 14% higher revenue of $1.0 billion. The company’s net income soared 42% to $132.4 million or 93 cents a share on an adjusted basis. That profit topped analysts’ expectations by 27%.
Top Gainers in After-hours Today, May 8 (MarketsNTrade)
These are the stocks gaining the most in after-hours trading on, Wednesday, May 08, 2013. …Coffee Holding Co., Inc. (NASDAQ:JVA) is currently trading at $7.28 up 6.4% in after-hours on 20770 shares traded. JVA is trading -0.20% below its 50 day moving average and -0.32% below its 200 day moving average. JVA is -23.62% below its 52-week high and 41.88% above its 52-week low. Coffee Holding Co., Inc. (NASDAQ:JVA)’s PE ratio is 18.32 and their market cap is $43.19M. Coffee Holding Co., Inc. (NASDAQ:JVA) is an integrated wholesale coffee roaster and dealer in the United States. Its core products are divided into three categories: Wholesale Green Coffee; Private Label Coffee; and Branded Coffee.
Annual outlook Increased by Green Mountain Coffee (TickerReport)
The makers of single serve coffee brewers, Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), increased its complete year outlook for earnings Wednesday following its better than expected second quarter earnings. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is the maker of the single-serve Keurig coffee brewers and the special K-Cups used in them. The company said it had also expanded its business agreement with Starbucks Corporation (NASDAQ:SBUX), which with the earnings report, helped push the price of its stock up more than 16% in afterhours trading. The new agreement with Seattle-based Starbucks is for 5 years and replaces one that was scheduled to run through most of 2014. This new agreement triples the number of drinks Starbucks Corporation (NASDAQ:SBUX) will offer in K-Cups.
