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Green Mountain Coffee Roasters (GMCR) Surged On Strong Q4 Results

Green Mountain Coffee Roasters (GMCR) reported fourth quarter non-GAAP EPS of $0.64 after the bell Tuesday, up from $0.47 in the prior year period. The consensus estimate was for EPS of $0.48. The company expects to report first quarter non-GAAP EPS of $0.62 to $0.67 and between $2.64 and $2.74 for the full year 2013. The consensus estimates are for EPS of $0.59 and $2.51.

Green Mountain Coffee Roasters gapped open sharply higher Wednesday and climbed in early trade. Shares advanced further in the afternoon and finished with a gain of 7.91 at $36.86, with volume at nearly a 4-month high. The stock surged to its highest level since early May.

by RTTNews Staff Writer

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