Morning Movers: Green Mountain Surges Over 22%, RIM Continues to Sink Lower
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) surged more than 22 percent today in pre-market trading. The coffee giant reported that fiscal fourth quarter earnings, excluding items, jumped to $91.9 million (58 cents per share), compared to $75.4 million (47 cents per share) last year. Sales also increased 33 percent to $946.7 million.
Apple (NASDAQ:AAPL) shares declined 0.69 percent today morning. According to a new report by Kantar, Apple’s mobile operating system has grown to now make up 48.1 percent of the U.S. smartphone market, just ahead of Google’s (NASDAQ:GOOG) Android at 46.7 percent. “The last time we saw iOS overtake Android in the U.S. was when the iPhone 4S was released and Apple managed to retain its lead for three consecutive periods,” Kantar’s Dominic Sunnebo said in a statement. “This time we predict that Apple will beat its previous high of 49.3 percent and achieve its highest ever share of the U.S. smartphone market within the next two periods.”
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Shares of Groupon (NASDAQ:GRPN) popped 3.54 percent today morning. AllThingsD reports, “According to sources close to the situation, several board members of Groupon have been seriously discussing making major leadership changes at the Chicago-based daily deals company, including bringing in a more experienced CEO to take over for co-founder Andrew Mason.”
Despite rallying over the past two weeks, Research in Motion (NASDAQ:RIMM) shares plunged 2.80 percent today. Morgan Stanley (NYSE:MS) analyst Ehud Gelblum has poured cold water on RIM’s upcoming product launch. He says, “We continue to believe BlackBerry 10 has a low chance of success. While some of the new features on BB10 seem innovative, we had a similar reaction to Palm’s webOS when we saw it at CES in ’09. Ultimately we believe BB10 is too late, and subs continue to shift to competitive devices.”