Green Mountain Coffee Roasters Inc. (GMCR) posted fourth quarter net income of $14.4 million or $0.34 per share, compared to $7.1 million or $0.18 per share in the fourth quarter last year.
On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share. Analysts' estimates typically exclude special items.
Net sales for the fourth quarter were up 65% to $222.2 million from $134.8 million in the prior year period. Six Wall Street analysts expected revenues of $216.61 million.
Looking forward, for the fiscal year 2010, the company now expects earnings per share in a range of $1.75 to $1.85 from its prior estimates in the range of $1.70 to $1.80. Street analysts expect earnings of $1.77 per share.
Total consolidated net sales growth is estimated to range from 50% to 55%, up from its prior estimates in the range of 45% to 50%.
Further ahead, for the first quarter, GAAP earnings per share is estimated in the range of $0.11 to $0.15. Street analysts expect earnings of $0.21 per share.
Total consolidated net sales growth is projected to range from 61% to 66%.
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