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.
Shares were plunging 30% to $47.35 in premarket trading Thursday.
Cambridge, Mass-based business software maker Pegasystems (PEGA) reported third-quarter adjusted earnings that were less than half of what Wall Street was looking for. The company posted a non-GAAP profit of $6 million, or 15 cents a share, for the period on revenue of $95.5 million, up 6% year-over-year. The average estimate of analysts polled by Thomson Reuters was calling for earnings of 31 cents a share in the quarter on revenue of $111.3 million. Shares were plummeting 18% to $30.25.
Cisco (CSCO) beat Wall Street's expectations for its first-quarter on Wednesday, although the Dow component's adjusted profit dropped slightly on a year-over-year basis amid sluggish corporate spending. The tech bellwether posted non-GAAP earnings of $2.3 billion, or 43 cents per share, for the quarter, a dip from its year-ago equivalent profit of $2.4 billion, or 42 cents per share. Revenue rose 4.7% year-over-year to $11.3 billion. Analysts surveyed by Thomson Reuters were looking for earnings of 39 cents a share and revenue of $11.03 billion in the period. Shares were gaining 7% to $18.80.
Visual computing technologies provider Nvidia (NVDA) is expected to report third-quarter profit of 26 cents a share after the markets close Thursday, above last year's earnings of 15 cents a share. Shares were gaining 3.4% to $14.80.
Rare-earth products producer Molycorp (MCP) is expected to report a third-quarter swing to profit of 70 cents a share after the markets close, from a loss of 14 cents a share the same time last year. Shares were higher by 3% in the pre-market.
Department store operator Kohl's (KSS) posted third-quarter profit of 80 cents a share, beating the Wall Street consensus target by a penny. Shares were moving higher by 3% in the pre-market on Thursday.
Advance Auto Parts (AAP) reported third-quarter earnings of $1.41, beating the average analyst estimate of $1.18. The company also forecasted full-year earnings of $4.90 to $4.95 a share, above the average analyst estimate of $4.69 a share. Shares were up 1.5% to $67.40.
Stifel Financial (SF) swung to third-quarter profit of 35 cents a share from a loss of $1.65 a year ago, but missed the average analyst estimate of 41 cents a share. Shares were inactive in the pre-market session.
Department store operator Nordstrom (JWN) is expected to post third-quarter earnings of 59 cents a share after the markets close, up from 53 cents a share the same time last year.
Bakery products maker Flower Foods (FLO) posted third-quarter profit of 23 cents a share, beating estimates by a penny, with revenue in line with Wall Street as well. Shares were inactive in the pre-market. -- Written by Andrea Tse in New York.
>To contact the writer of this article, click here: Andrea Tse.
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