Updated from 4:47 p.m. ET to include background on hedge fund manager David Einhorn's opinion of the company, latest share price.
NEW YORK (TheStreet) -- Shares of Green Mountain Coffee Roasters (GMCR) tanked in late trades on Wednesday after the K-Cup king missed Wall Street's revenue expectations by a wide margin with its fiscal fourth-quarter results.
Despite growing the top line by more than 90% on a year-over-year basis, Waterbury, Vt.-based Green Mountain's revenue total of $711.9 million for the quarter was more than 6% below the average estimate of analysts polled by Thomson Reuters for revenue of $760.5 million.
With Green Mountain shares having more than doubled in the past year and a rich forward price-to-earnings multiple of 25.6X, the stock was hit hard in after-hours action, losing more than 31% to $46.06 on volume of more than 6 million, according to Nasdaq.com.
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