Keurig Green Mountain (GMCR) Swoons on Besting Q3 Earnings

Keurig Green Mountain Inc

fell 31.4% to $51.43. Keurig Green Mountain reported better-than-expected earnings for its fiscal third quarter, but the company's sales missed analysts' estimates. The company also issued a weak forecast. Keurig Green Mountain reported a $1 billion stock repurchase program and announced its plans to lower around 5% of its workforce. Share volume was 10.4 million, overwhelming an all-day average of 2.2 million