UPDATE: Coffee Holding Brewing Strong Gains on Improved Q3 Profit, Revenues Beat Analyst Estimate

By MidnightTrader.com Staff,

Shutterstock photo

Coffee Holding Co. ( JVA ) is up 18% to $8.71, but off a day's high of $9.07, after the company reported Q3 earnings of $0.19 per share, compared with the prior-year period's $0.03. This may not be comparable to the single analyst estimate on Capital IQ consensus of $0.01.

Revenues were $44.5 mln, up 24.3% from $35.8 mln in the same period last year, versus the single analyst estimate of $36 mln.

JVA trades in a 52-week range of $4.88 - $21.18. Shares have fallen 56% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: JVA

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