CNBC Fast money: Is the growth story over?
Shares taking a big hit here, patents expiring, competition coming in, prices expected to come down.
Green Mountain Coffee Roasters, Inc. announced that for the third quarter of 2012, it expects net sales to be in the range of $861 million to $897 million and fully diluted non-GAAP earnings per share (EPS) in the range of $0.48 to $0.53 per share. For fiscal 2012, it expects net sales to be in the range of $3.8 billion to $4.0 billion and non-GAAP earnings per share (EPS) in the range of $2.40 to $2.50 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.052 billion and EPS of $0.35 for first quarter of 2012.