Beat forecast numbers//beat earnings by .05. Sales rosed to 1.33 billion
LOS ANGELES (MarketWatch) -- Green Mountain Coffee Roasters Inc. [s:gmcr] said Wednesday that first-quarter net income was $107.6 million, or 70 cents a share, compared with $104.4 million, or 66 cents a share, for the same period a year ago. Sales for the Waterbury, Vt.-based maker of coffee products were $1.34 billion against last year's $1.16 billion. Adjusted earnings were 76 cents a share. Analysts polled by FactSet had expected the company to report earnings of 65 cents a share on sales of $1.33 billion. The company raised its full-year forecast to adjusted income of $2.72 to $2.82 a share, up from a range of $2.64 to $2.74. The FactSet analyst consensus calls for $2.68 a share. Shares ended the day up more than 3% to $48.94.