Notable Earnings: Keurig Green Mountain (GMCR), Herbalife (HLF), Tesla Motors (TSLA)

Wall Street

Keurig Green Mountain, Inc. (GMCR) shares are down 27% to $54.99 in after-hours trading Wednesday after the company reported its third quarter earnings results.

The maker of single-serve coffee brewing systems reported earnings of $0.80 per share on revenues of $969.6 million, down 5.2% from $1.02 billion a year ago. Analysts were expecting EPS of $0.79 on revenues of $1.04 billion. Net income came in at $113.6 million, or $0.73 a share, versus $155.2 million, or $0.92/shr a year ago.

“While we are not pleased with our revenue growth, we delivered earnings at the high end of our previous guidance,” commented President and CEO, Brian Kelley.

For the current quarter ending in October, Keurig Green Mountain expects its EPS to range from $0.70 to $0.75 versus consensus of $0.97 per share. The company also announced a $1 billion share repurchase program and said it planned a 5% reduction of its workforce.

Herbalife Ltd. (HLF) reported second quarter non-GAAP EPS of $1.24 after the closing bell Wednesday, compared to the consensus estimate of $1.11. Revenues fell 11.0% from last year to $1.16 billion. Analysts expected revenues of $1.15 billion.

The company guided Q3’15 revenues of $1.13 – $1.17 billion, as compared to analysts’ expectations of $1.17 billion. The management also gave its bottom line range of $1.00 – $1.10 per share, against projections of $1.01 per share. For FY 2015, Herbalife raised its full year outlook from $4.30  – $4.60 a share to $4.50 – $4.70 a share.

Herbalife shares have gained 1.95% year-to-date. The name ended down 2.4% in regular trading. It jumped more than 6% after-hours.

Shares of Tesla Motors, Inc. (TSLA) fell 3% to $261.87 in after-hours trading after the company reported fiscal results for the second quarter of FY 2015.

In its quarterly report, the electric car company posted a loss of ($0.48) per share, well below the ($0.59) per share analysts were expecting. Revenue rose 39.6% YoY to $1.20 billion, above views for $1.18 billion. Despite better-than-expected 2Q’15 numbers, the company lowered its full-year delivery guidance of Model S and Model X cars to 50,000 – 55,000, from a previous estimate of 55,000. “Simply put, in a choice between a great product or hitting quarterly numbers, we will take the former,” CEO Elon Musk and CFO Deepak Ahuja said in a letter to shareholders.

The $34.15 billion market cap company reported $1.15 billion in cash vs. $2.62 billion in debt in its most recent quarter.

Tesla shares ended up 1.4% in regular trading.

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