8 Hot Stocks: Green Mountain Plummets 21% After Starbucks Announces Verismo, TI Cuts Guidance
Shares of Texas Instruments Inc. (NYSE:TXN) dropped more than 2 percent in late trading. The company reduced its quarterly guidance for the fifth consecutive time. It now expects revenue between $2.99 billion and $3.11 billion for the first quarter, down from $3.02 billion and $3.28 billion. The company cited lower demand for wireless products.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) plummeted 21 percent after Starbucks (NASDAQ:SBUX) announced a new Verismo single-cup coffee system. Starbucks will sell the Verismo in its stores, along with Starbucks-sourced coffee and milk pods.
Aeropostale Inc. (NYSE:ARO) shares fell 1.8 percent after the closing the bell. The clothing retailer announced its fourth quarter profit decreased to $26.1 million (32 cents per share), compared to $83.8 million (95 cents per share) a year earlier.
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After closing 4.6 percent higher during regular trading hours, Smith & Wesson Holding Corp. (NASDAQ:SWHC) shares jumped another 5.8 percent in extended trading. The gun-maker reported fiscal third quarter earnings of 7 cents, beating estimates by 3 cents. Revenue also increased 24 percent to $98.1 million.
Shares of Google Inc. (NASDAQ:GOOG) edged slightly higher in late trading. The internet giant received approval from Missouri to offer video services to Kansas City residents, which could lead to a pay-TV service to compete with Time Warner Cable Inc. (NYSE:TWC).
Zumiez Inc. (NASDAQ:ZUMZ) shares fell 3.5 percent after reporting fourth quarter results. The mall-based specialty retailer earned $18.7 million (60 cents per share), compared to $15 million (49 cents per share) a year earlier. Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We are extremely pleased with our fiscal fourth quarter and full year results. This quarter’s performance demonstrated a continuation of the strength we have seen throughout the year driven by consistently well executed merchandising, passionate employees providing a unique in-store experience, new store openings, and ecommerce strategies.”
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