Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Nasdaq Attaq: Green Mountain Coffee Roasters Makes A Comeback

By

Profit is up 30% for Green Mountain, but can the company keep it up after K-Cups are off-patent?

PrintPRINT
MINYANVILLE ORIGINAL The Nasdaq Composite (^IXIC) went from declines to gains and back again today as markets deal with the fallout from yesterday's algorithm breakdown that resulted in $5 billion in incorrect trades.

The index fell 0.77% this morning to 2,897.74. The value of the Nasdaq gained 11.25% since the beginning of the year, and 9% over one year ago.

By far the biggest gain today came from Green Mountain Coffee Roasters (GMCR), which reported far better profit than Wall Street expected. Profit for the third fiscal quarter was up 30%, but margins were lower. The company is contending with mounting competition from Nestle (NSRGF) and Starbucks (SBUX) as its signature Keurig brewing systems go off-patent, robbing the company of royalty revenue for K-Cups. Shares of Green Mountain are up 32.88%, but this might be a good time to revisit David Einhorn's devastating presentation on the Vermont company.

United Online (UNTD) gained 25.71% to $5.28 today after the company's board approved a plan to spin off its FTD online flower delivery company.

First Solar (FSLR) shares are up 27.1% as the company announced an 82% rise in profit, beating analyst estimates. First Solar also said that it will boost production despite the glut of solar panel supplies and raised its full-year earnings guidance.

Today's biggest loser in the Nasdaq is Halozyme Therapeutics (HALO), which is down 51.17% after the US Food and Drug Administration rejected an immune deficiency treatment that it developed with Baxter International (BAX). The FDA said that it wants to see more preclinical data for the product.

Twitter: @vincent_trivett
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE