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Peet's Coffee, Zynga: After-Hours Trading (Update 1)

Updated from 5:14 p.m. ET to include latest share prices, information about Apple's move.

NEW YORK ( TheStreet) -- Shares of Peet's Coffee & Tea (PEET) fell in late trades on Tuesday after the company came in a penny short with its fourth-quarter profit and gave a mediocre outlook for fiscal 2012.

The Emeryville, Calif.-based company posted non-GAAP earnings of $5.6 million, or 42 cents a share, in the three months ended Jan. 1 on revenue of $101.6 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 43 cents a share on revenue of $103 million.

For the full year, Peet's sees non-GAAP earnings of $1.70 to $1.80 a share and revenue growth of 10% off its 2011 total of $371.9 million. That implies a total of $409.1 million. The current consensus view is for earnings of $1.79 a share in 2012 on revenue of $409.9 million.



The stock was last quoted at $65.50, down 4%. Based on Tuesday's regular-session close at $68.28, the shares are up more than 60% in the past year, hitting a 52-week high of $69.97 on Feb. 8. At current levels, the forward price-to-earnings multiple on the stock is at 38.2X vs. 18.5X for Green Mountain Coffee Roasters (GMCR) and 21.7X for Starbucks (SBUX).

"Despite record high coffee costs since becoming a public company, we finished fiscal 2011 with diluted earnings per share toward the higher end of our stated range, consistent with previous guidance," said Patrick O'Dea, the company's president and CEO, in a statement. "Our sales growth continues to be strong, led by our grocery business, which grew 29% in the quarter and 30% for the year."

Check out TheStreet's quote page for Peet's Coffee & Tea for year-to-date share performance, analyst ratings, earnings estimates and much more.

Zynga

Shares of Zynga (ZNGA - Get Report) slumped in Tuesday's extended session despite the online game developer beating Wall Street's earnings expectations in its first ever quarterly report as a public company.

The stock was last quoted at $13.35, down 7%. The shares had a strong run ahead of the report, rising 7% in the regular session to close at $14.35. Zynga priced its IPO at $10 per share in mid-December, but the stock didn't do much until Facebook filed for its own IPO earlier this month, disclosing how much of its revenue it derives from Zynga games like FarmVille.

For the three months ended Dec. 31, Zynga reported non-GAAP earnings of $37.2 million, or 5 cents a share, on revenue of $311.2 million. The average estimate of analysts polled by Thomson Reuters was for a profit of 3 cents a share on revenue of $301.1 million.

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