Green Mountain Coffee Roasters (GMCR) Has Fallen To A New Low On Weak Forecast

Green Mountain Coffee Roasters (GMCR) reported second quarter non-GAAP EPS of $0.64 after the bell Wednesday, up from $0.48 in the previous year. The consensus estimate was for EPS of $0.64. The company expects to report third quarter non-GAAP EPS of $0.48 to $0.53 and between $2.40 and $2.50 for the full year 2012. The consensus estimates are for EPS of $0.72 and $2.67.

Green Mountain Coffee Roasters has gapped open dramatically lower Thursday morning and is now down 20.35 at $29.17 on above average volume. The stock has plunged below support and has set a new low for the year.

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