Stock Trading Radar: Green Mountain Gets Roasted 40%, Whole Foods Reports Best Quarter in Company History

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shares plummeted more than 40 percent in late trading. The company missed analysts’ second-quarter revenue expectations. The coffee company’s earnings per share of 64 cents were a penny better than expectations, but its revenue came at $885 million, short of the predicted $972 million.

After closing 14.5 percent lower, Chesapeake Energy Corp. (NYSE:CHK) shares edged .84 percent higher in extended trading. Reuters reported today that CEO Aubrey McClendon ran a secret $200 million hedge fund for at least four years.

Despite reporting a 46.7 percent rise in earnings, Visa Inc. (NYSE:V) shares fell almost 2 percent in late trading. Net income for the fiscal second-quarter came in at $1.29 billion ($1.91 per share), compared to $881 million ($1.23 per share) a year earlier.

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Shares of Allstate Corp. (NYSE:ALL) shares jumped 2.5 percent after reporting strong earnings for the first-quarter. The insurance company reported net income of $766 million ($1.53 per share), compared to $519 million (98 cents per share) a year earlier. “Our focus on improving returns while executing a strategy to offer unique products to different customer segments generated strong results in the first quarter,” said Thomas J. Wilson, chairman, president and chief executive officer of The Allstate Corporation. “Maintaining margins in auto insurance and continued implementation of our homeowner profit improvement program resulted in solid returns in our property-casualty business.”

Whole Foods Market Inc. (NASDAQ:WFM) shares increased 3.4 percent. After the closing bell, the company reported fiscal second-quarter net income of $117.7 million (64 cents per share), compared to $89.9 million (51 cents per share) a year earlier. Whole Foods beat the mean analyst estimate of 59 cents per share. “We are pleased to report another outstanding quarter, producing the best results in our company’s thirty-two year history,” said John Mackey, co-founder and co-chief executive officer.

Yelp Inc. (NYSE:YELP) shares edged .39 percent higher late Wednesday. The internet company reported a first-quarter loss of $9.8 million, compared to a loss of $2.8 million a year earlier. However, revenue came in better-than-expected at $27.4 million.

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