Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) was halted ahead of its earnings report. The quite controversial coffee giant has reported earnings of $0.46 EPS on $869.2 million in revenues for its fiscal third quarter, although adjusted earnings were $0.52 EPS. Thomson Reuters had estimates pegged at $0.50 EPS on about $873.3 million in revenue. The company also announced that it was adding Norman H. Wesley, Former CEO and Chairman of Fortune Brands, to its board of directors as a Class II Director.
Now the company is projecting for the fourth quarter to have sales of $889.9 million to $925.5 million and for earnings to come in around $0.45 to $0.52 per share. Thomson Reuters is at $0.62 EPS and $952.2 million in sales. While everyone was expecting bad things to come through, that guidance is really soft.
Green Mountain was most recently considered a mega-growth stock story…
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