Green Mountian Coffee Spiking Intraday

Green Mountain Coffee Roasters GMCR spiking up almost 6% after restating earnings yesterday. Green Mountain Coffee Roasters is restating results for fiscal years 2007, 2008 and 2009, and for the first three quarters of 2010. The company made the announcement late Friday, and said errors were discovered by management during preparation for year-end financial results, as well as during the course of an internal investigation spurred by a Securities and Exchange Commission inquiry. At last check the shares were trading at $37.18, up 5.78%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversConsumer StaplesPackaged Foods & Meats
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!