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Keurig Green Mountain, Inc. Third-Quarter Earnings: Shares Sinking After-Hours - Stocks in the News

Keurig Green Mountain, Inc. ( GMCR ) is the Waterbury, VT based coffee company that produces and sells the extremely popular single-serve coffee makers, as well as a variety of K-Cup brands to use in their machines.

Currently, Keurig Green Mountain has a Zacks Rank #4 (Sell), which is subject to change following the release of the company's latest earnings report. We have highlighted some of the key statistics from this just announced report below:

Earnings: Keurig Green Mountain just beat out our consensus EPS predication of $0.79 for the quarter, listing a $.80 EPS for Q3.

Revenues: Keurig Green Mountain's revenues missed out our consensus estimate. The company posted $969.6 million in revenues, compared to our $1.051 billion estimate.

Key Statistic to Note: For the quarter, 1.36 million Keurig coffee machines were sold, including 1.3 million sold by Keurig and 0.05 million reported sold by Keurig's licensed brewer partners. These sales result in a 26% decline in Keurig's brewer and accessory net sales compared to the prior year period, which, according to the company, is "due to a 18% decline in brewer sales volume, driven by high levels of inventory at retail and timing of restocking the MINI Plus brewer."

Stock Price: Keurig Green Mountain opened today at $76.96 per share and closed on the day at $74.98. After hours trading has been down as well, plummeting down over 26%.

Check back for our full analysis on this Keurig Green Mountain's earning report later!

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KEURIG GREEN MT (GMCR): Free Stock Analysis Report

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


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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