Green Mountain Coffee Roasters (GMCR) reported first quarter EPS of $0.27 after the close Wednesday, which came in above the consensus estimate of $0.16. The company increased its second quarter EPS forecast to between $0.56 and $0.61 and its full year 2010 EPS guidance to between $1.95 and $2.05.
Green Mountain Coffee Roasters gapped up Thursday and climbed until mid-morning. Shares advanced further during the early portion of the afternoon and closed higher by $7.58 at $87.60 on above average volume. The stock rose above a one-month range and set a new high for the year.
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