NEW YORK (TheStreet) -- Shares of Jamba Inc. (JMBA) are up 10.76% to $13.48 on very heavy trading volume following stronger than expected second quarter earnings, boosted by its new line of kale and chia seed juice sales that's helping accelerate growth as part of an overhaul for the smoothie company.
The company reported second quarter earnings of 44 cents per share, beating analysts' consensus estimate of 37 cents, and improving from earnings of 36 cents per share in the same quarter of 2013.
However, revenue of $64.2 million for the quarter was lower than the $67.8 million from the second quarter of 2013, and missed the consensus estimate of $64.4 million.
Separately, TheStreet Ratings team rates JAMBA INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate JAMBA INC (JMBA) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins."