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Green Mountain Coffee Shares Explode Higher After Trading Halt Lifted

Rob WileMay 9, 2013, 03:25 IST

Green Mountain shares are up nearly 13% after a huge earnings beat and an announcement they'd signed a deal with Starbucks.

Trading was briefly halted so investors could digest the news. Now it's unhalted, and the stock is exploding. Here's the chart via MarketWatch:

MarketWatch

The deal extends Green Mountain's use of Starbucks products in its Keurig machines.

The company also upgraded full-year non-GAAP earnings guidance to between $3.05 and $3.15. This quarter's non-GAAP EPS came in at $0.93.

Click here to read Green Mountain's full earnings release summary >