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Green Mountain Coffee Roasters (GMCR) Is Down Following Q1 Report

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Green Mountain Coffee Roasters (GMCR: Quote) reported first quarter non-GAAP net income of $0.76 per share after the bell Wednesday, up from $0.60 per share last year. The consensus estimate was for EPS of $0.65. Net sales rose to $1.34 billion from $1.16 billion in the prior year. The consensus revenue estimate was $1.33 billion.

The company expects to report second quarter non-GAAP EPS of $0.70 to $0.75 and between $2.72 and $2.82 for the full year 2013. The consensus estimates are for EPS of $0.73 and $2.71.

Green Mountain Coffee Roasters gapped open lower Thursday and is now down 4.47 at $44.47. The stock is pulling back from some resistance and has set a 1-week low.

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by RTT Staff Writer

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