Green Mountain Falls on Q4 Results
Shares of Green Mountain Coffee Roasters (GMCR) are down more than 11% in after-hours trading after the company reported earnings that were in line with analyst expectations.Green Mountain reported earnings of $27 million, or 20 cents a share, on revenue of $373.1 million. That compares to earnings of $14.1 million, or 11 cents a share, on revenue of $216 million for the fourth-quarter of fiscal 2009.
Excluding special items, earnings were $29.8 million, or 22 cents a share.
Analysts had expected earnings of 20 cents a share.
Green Mountain shares closed up 13 cents, or 0.35%, at $37.42. Shares are down $4.37, or 15.7%, at $31.05 in after-hours trading
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