Coffee Holding Co. Up 45% As Earnings Soar

Coffee Holding Co., Inc. JVA shares are soaring today, up 45% after the company reported better than expected earnings. The company reported second quarter earnings of 22 cents per share on $37.3 million in revenues. The company reported second quarter earnings of 15 cents in the second quarter of 2010. At last check, shaes were up $3.97 to $12.47, a gain of 46.65%‎ on 3.6 million shares. Coffee Holding Co., Inc. operates as an integrated wholesale coffee roaster and dealer in the United States and Canada. The company offers three categories of products: wholesale green coffee, private label coffee, and branded coffee