Shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, are seeing a huge rally in trading today. At last check, GMCR shares were trading 25.77% higher at $36.43 on above average volume of 21.67 million. The stock hit an intra-day high of $35.65 in trading today.
GMCR shares are soaring after the company reported its fourth-quarter financial results. For the quarter ended September 29, 2012, GMCR reported net sales of $946.7 million, up 33% over the same period in the previous year. The company’s GAAP net income for the quarter was $91.9 million, up 22% over the same period in the previous year. Non-GAAP net income for the quarter was $101 million, up 34% over the same period in the previous year.
Shares of The Fresh Market Inc. (NASDAQ: TFM), a specialty retailer focusing on perishable product categories, are sinking in trading today. At last check, TFM shares were trading 12.67% lower at $52.61 on above average volume of 5.42 million. The stock fell to an intra-day low of $49 earlier today.
TFM shares are sinking in trading today after the company reported its third-quarter financial results. For the quarter ended October 28, 2012, TFM reported net sales of $321.5 million, representing an increase of 21% over the same period in the previous year. Net income for the quarter was $10.9 million, representing an increase of 19% over the same period in the previous year.
Shares of Gulfport Energy Corporation (NASDAQ: GPOR), an independent oil and natural gas exploration and production company, are rallying in trading today. At last check, GPOR shares were trading 16.23% higher at $36.88 on above average volume of 4.16 million. The stock hit an intra-day high of $37.31 in trading today.
GPOR shares are soaring in trading today after the company reported its Utica shale results and announced first sales through MarkWest Harrison County gas processing complex. Jim Palm, CEO of Gulfport, said that the company is pleased to announce another strong flow test from its position in the Utica Shale of Eastern Ohio. Palm said that the company’s results to date continue to validate its high expectations for the play and with the commencement of operations at MarkWest’s Cadiz Complex, the company looks forward to maximizing the play’s potential.
Shares of Jos. A. Bank Clothiers Inc. (NASDAQ: JOSB), a designer, manufacturer, retailer and direct marketer of men’s tailored and casual clothing and accessories and a retailer of tuxedo rental products, are down sharply in trading today. At last check, JOSB shares were trading 8.06% lower at $43.49 on above average volume of 2.18 million. The stock fell to an intra-day low of $42.09 in trading today.
JOSB shares have plunged today after the company reported its third-quarter financial results. The company’s net income for the third quarter of fiscal 2012 dropped 11.2% to $13.3 million. Total sales for the quarter rose 11.1% to $232.9 million. Comparable store sales for the quarter rose 4.8%.
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