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Green Mountain Slips After Earnings

Mamta BadkarAug 7, 2014, 01:32 IST

Green Mountain reported Q3 adjusted earnings of $0.99 per share, beating expectations for $0.89 per share.

Revenue of $1.02 billion came in just shy of $1.05 billion.

However Keurig brewer and accessory net sales were down 4% or $5.1 million.

Green Mountain sees adjusted earnings per share of $3.71 - $3.78 per share, up from $3.63 - $3.73 per share.

It sees Q4 adjusted EPS of $0.68-$0.75 per share, lower than estimated of $0.86 per share.

The company has returned $1.1 billion in cash to shareholders so far this year through a combination of share repurchases and dividends. It also declared regular quarterly cash dividend of $0.25 per share.

The stock was down as much as 4.8% after hours but has since pared some of its losses.

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