Shares of Keurig Green Mountain Inc GMCR, which fell 2.1 percent on Wednesday trading, continue to fall in after-hours, and are down roughly 26 percent, following the announcement of company’s third quarter financial results.
While the coffee and coffeemakers company beat its guidance and the Street’s expectations in the earnings front, revenue and guidance came in below consensus estimates.
Earnings reached $0.80 per share, versus guidance of $0.78 and the Street’s consensus of $0.79. Revenue, on the other hand, fell short of experts’ expectations, which called for sales of $1.035 billion, coming in at $969.53 million.
In addition, management announced a $1 billion stock repurchase program and said it plans to reduce its workforce by 5 percent.
Tesla Motors Inc TSLA, which rose 1.45 percent during the day, is also down in after-hours. Since the bell rang, the stock fell approximately 7 percent.
The eclectic vehicles maker reported a net loss of ($0.48) per share, versus the Street’s consensus estimate of ($0.57) per share. Sales came in at $1.2 billion, also above consensus of $1.162 billion.
However, since management trimmed its guidance for the amount of cars it expects to deliver in 2015, investors are punishing the stock.
On the other hand, Herbalife Ltd. HLF is up more than 5.3 percent in after-hours, after reporting earnings of $1.24 per share on revenue of $1.162 billion, beating the Street’s consensus, which called for earnings of $1.13 per share on sales of $1.148 billion.
Nonetheless, it should be noted that earnings came in below guidance of $1.50 per share, although revenue surpassed the $1.15 billion management expected.
Other stocks moving in after-hours include:
- Codexis, Inc. CDXS, up almost 20 percent
- Hortonworks Inc HDP, up almost 14 percent
- Sequenom, Inc. SQNM, down more than 11 percent
- Weight Watchers International, Inc. WTW, up 17 percent
- Fitbit Inc FIT, down over 10 percent
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
