Updated from 5:41 a.m. EST
NEW YORK -- Green Mountain Coffee Roasters (GMCR) blew past Wall Street's expectations in its fiscal fourth quarter.
Green Mountain reported a non-GAAP profit of $101 million, or 64 cents a share, for the September-ended period on revenue of $946.7 million. Analysts were calling for earnings of 48 cents a share in the quarter on revenue of $902.7 million.
For its fiscal first quarter ending in December, Green Mountain forecast non-GAAP earnings of 62 cents to 67 cents a share and total sales growth of 14% to 18%. The current consensus view is for a profit of 59 cents a share.The stock was rising 24.4% to $36.01 in premarket trading Wednesday. 5 Heavily-Shorted Earnings Plays
Costco Wholesale (COST), the warehouse retailer, plans to pay a special dividend of $7 a share, or about $3 billion. Costco also said Wednesday that first-quarter sales jumped 10%. Costco shares rose 4.64% to $100.99 in premarket trading.
Retailer Express (EXPR) posted third-quarter earnings of $17.4 million, or 20 cents a share, down from year-earlier earnings of $32.7 million, or 37 cents. Analysts were expecting profit of 17 cents a share. The stock was rising 17.8% in premarket action to $15.30.
American Eagle Outfitters (AEO) is expected by analysts Wednesday to post third-quarter profit of 39 cents a share in the October-ended period on revenue of $873.3 million. Shares of the Pittsburgh-based teen apparel and accessories retailer have risen more than 45% in the past year. 4 Under-$10 Stocks Making Large Upside Moves
Earnings are also expected Wednesday from Coldwater Creek (CWTR), Express (EXPR), Fresh Market (TFM), Guess? (GES), Jos. A. Bank Clothiers (JOSB), La-Z-Boy (LZB), Movado Group (MOV), New York & Co. (NWY), Pall (PLL) and TiVo (TIVO).
Virtu Financial has emerged as the early front-runner to buy Knight Capital Group (KCG)in a deal expected to value the brokerage firm at more than $1 billion, The Wall Street Journal reported, citing people briefed about the continuing sale talks. Knight's board is expected to get takeover offers as early as this week from Virtu and Getco, two high-speed trading firms. Knight shares rose 6.1% to $3.15 in premarket trading.
Apple (AAPL)reportedly fired William Richardson, the tech giant's senior director of iOS services, over the failure of its new Maps app. Richardson was fired before Thanksgiving. The stock fell 0.5% to $581.75 in premarket trading Wednesday. Apple Dismissal: Tech News Round-up
Groupon (GRPN) co-founder Andrew Mason could be on his way out as CEO, according to a report from AllThingsD, which cited unnamed sources. . Shares of the daily deals site rose 3.8% to $4.11 in premarket trading.
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