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Green Mountain Coffee Roasters and PowerShares QQQ Trust Among Most Active Stocks in Pre-Market Today on the Nasdaq


KIT digital was up this morning.

MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq were Green Mountain Coffee Roasters (GMCR), PowerShares QQQ Trust (QQQ), and KIT digital (KITD) as of 9:00 a.m. Investors traded 3,332,484 shares of Green Mountain Coffee Roasters, which was down $20.05, or 40.49%. Shares of Green Mountain plunged on news that the company cut back on its growth projections for the rest of its fiscal year. Mostly notably, it cut its full-year sales growth forecast from 65% to 50%. This came on top of disappointing first quarter results. Although earnings rose from $0.44 per share in the same quarter last year to $0.58 per share in this quarter, sales increased only $885.1 million, or 37%, rather than the consensus analyst forecast of $972 million. Investors traded 418,178 shares of PowerShares QQQ, which was up $0.08, or 0.12%, and 354,952 shares of KIT digital, which was down $1.24, or 19.56%. KIT digital released preliminary first quarter results. It reported revenues of approximately $59 million, or an approximate decline of $8 million compared to the first quarter of last year.
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