Stocks to Watch: Green Mountain Coffee, Costco
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.
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%.
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.
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.