Green Mountain Coffee Roasters and Groupon are giving investors even more to cheer for after stocks already ended the day at new closing highs.
of both of companies soared more than 10% in after-hours trading as
investors saw things they liked in their quarterly earnings reports and
Green Mountain struck a key deal with Starbucks.
Shares of Green
Mountain Coffee Roasters were up nearly 11% in after-hours trading,
following its gain of 92 cents to $59.48 in regular trading. The company
behind the dominant Keurig single-cup coffee makers reported 14% higher
revenue of $1.0 billion. The company's net income soared 42% to $132.4
million or 93 cents a share on an adjusted basis. That profit topped
analysts' expectations by 27%.
Perhaps more important, though,
Green Mountain said it's extending a partnership with Starbucks to sell
and distribute cups that work in the Keurig system carrying the
Starbucks and Tazo brands. The partnership is designed to further push
the companies into fast-growing international markets.
struggling online coupon site Groupon cooled some investors' fears
after reporting 7.5% higher revenue of $601.4 million, topping
expectations. The company's revenue in North America rose 42.3%. The
company, though, again reported a loss of $4.0 million, wider than the
$11.7 million it lost in the same year-ago period.
the sluggish growth of the economy, investors have been craving
companies showing revenue growth. So far, companies have reported just
1.4% revenue growth in the first quarter, says S&P Capital IQ. Most
of the 5.0% earnings growth during the quarter has been coming from
stock buybacks and cost cutting.