NEW YORK (TheStreet) -- Keurig Green Mountain (GMCR - Get Report) stock is moving higher on Thursday after the company reported better-than-expected earnings and revenue in its second quarter and on the news it had expanded its partnership with J.M. Smucker (SJM - Get Report).
The company, formerly known as Green Mountain Coffee Roasters, reported its second quarter after the bell Wednesday. Earnings of $1.08 a share were well over estimates for 94 cents a share, according to analysts surveyed by Thomson Reuters. Revenue climbed nearly 10% year over year $1.1 billion. Analysts expected $1.04 billion in sales.
Keurig which specializes in homemade coffee said sales of single-serve pods climbed 13%, accounting for over 81% of total revenue. The sale of brewers and other equipment increased 8.5%.
- You can view the full analysis from the report here: GMCR Ratings Report
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