Krispy Kreme Gets Baked After Q4 Report

Krispy Kreme Doughnuts KKD shares are trading lower by $0.82 (5 percent) at $14.56 in Wednesday's session. Despite a penny beat for EPS, the Street is focusing on its revenue shortfall of nearly $3 million

In a wild session, it was punished off a lower open before finding support at $13.51 and staging a rebound. The ensuing rally found resistance ahead of the lower end of Tuesday's range ($15.34), only reaching $14.94. Over the last hour, it has been consolidating at the $14.50 area.