Keurig Green Mountain third-quarter profit increases 33 percent, beats estimate

MarketsAssociated Press

Keurig Green Mountain Inc. (GMCR) on Wednesday reported earnings that rose by 33 percent in its fiscal third quarter, and topped analysts' expectations.

The Waterbury, Vermont-based company said earnings rose to $155.2 million, or 94 cents per share, from $116.3 million, or 76 cents per share, in the same quarter a year earlier.

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Earnings, adjusted for amortization costs and non-recurring costs, were 99 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The company said revenue climbed almost 6 percent to $1.02 billion from $967.1 million in the same quarter a year ago, and missed Wall Street forecasts. Analysts expected $1.04 billion, according to Zacks.

Keurig Green Mountain shares have increased $42.77, or 57 percent, to $118.31 since the beginning of the year, while the Standard & Poor's 500 index has risen almost 4 percent. The stock has climbed $37.21, or 46 percent, in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full GMCR report: http://www.zacks.com/ap/GMCR

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Keywords:Keurig Green Mountain,Earnings Report