Krispy Kreme Doughnuts (KKD) reported fourth quarter adjusted net income of $0.11 per share after the close Thursday, up from $0.06 per share a year ago. The consensus estimate was for EPS of $0.12. The company also increased its full year 2014 EPS forecast to between $0.53 and $0.57, from prior expectations of $0.49 to $0.55. The consensus estimate was for EPS of $0.58.
Krispy Kreme Doughnuts gapped open lower Friday and has been falling for the majority of early trade. Shares are now down 1.29 at $13.66. The stock has dropped below a range at the highs of the year and has set nearly a 2-week low.
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