Green Mountain Coffee Shares Fall

Associated Press

NEW YORK -

Shares of Green Mountain Coffee Roasters Inc. fell Thursday after a Stifel Nicolaus analyst said the coffee distributor's growth may be putting too much of a squeeze on operating margins.

Shares fell $2.35, or 7.7 percent, to $28.20 in afternoon trading. The stock has ranged from $11.86 to $33.14 over the past year.

The drop came after the company reported its third quarter earnings before the market opened. Green Mountain Coffee said its third-quarter profit climbed 89 percent due to strong revenue from its Keurig single-cup brewing system and K-Cups single-serve coffee packs.

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