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, but that was before a monstrous rise was followed by a deadly drop in the share price. Now the company has said that it will repurchase up to $500 million in stock.
On a longer-term basis the company sees earnings at $2.55 to $2.65 EPS against estimates of $2.97 EPS.
Green Mountain shares closed down 1.9% at $17.91 against a 52-week range of $17.11 to $115.98. Shares have just reopened down and are down more than 11% after the close.
JON C. OGG
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