scorecard
  1. Home
  2. stock market
  3. Green Mountain Slips After Earnings

Green Mountain Slips After Earnings

Mamta Badkar   

Green Mountain Slips After Earnings
Stock Market1 min read

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.

Click here for the full release »

READ MORE ARTICLES ON


Advertisement

Advertisement