Green Mountain Coffee Roasters Inc.(NASDAQ: GMCR) stock climbed 7.43% to $29.31 after the company has picked a new CEO, Coca-Cola executive Brian Kelley, as the company deals with slowing sales growth. Kelley, 51, will also become president and join the board, effective Dec. 3.
Additionally, GMCR’s stock was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued to clients and investors last week. The firm currently has a $35.00 price target on the stock.
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Krispy Kreme Doughnuts(NYSE: KKD) shares climbed 11.14% to $8.38 in the morning hour after the company reported a third quarter profit of $5 million, up from $4.7 million in the same quarter a year earlier. On a per-share basis, earnings were unchanged at 7 cents a share. Adjusted earnings were 12 cents a share in the latest period. Revenue was up 8.5% to $107.1 million. Analysts had predicted per-share earnings of 8 cents on revenue of $105 million.
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Groupon Inc(NASDAQ: GRPN) stock jumped 9.02% to $3.38 after after a hedge fund disclosed it bought a 9.9 stake in the online deals company. Tiger Global said in a regulatory filing that it owns 65 million shares of the company, which faces slowing revenue growth and accounting investigations.
Additionally, the company said that its Israeli Web site, groupon.il, was compromised by a group of political hackers who commandeered the site to post messages threatening Israeli troops against any ground attack against Gaza.
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Chico's FAS, Inc.(NYSE: CHS) stock increased 0.77% to $18.30 after the company reported third quarter net income of $41.7 million, from the year-ago quarter's $26.5 million. Earnings per share climbed to $0.25 from $0.16 in the prior year. For the three-month period, net sales grew to $636.7 million from $538.5 million in the same quarter a year earlier. Analysts expected the company to report earnings of $0.22 per share on revenues of $632.39 million for the quarter.
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Qihoo 360 Technology Co Ltd(NYSE: QIHU) shares increased 0.93% to $23.92 in the early hour after the company reported third quarter net income of $12.9 million or $0.11 per ADS, as compared to $10.9 million or $0.09 per ADS for the year-ago quarter. Adjusted net income was $24.2 million or $0.20 per ADS for the third quarter, compared to $19.5 million or $0.16 per ADS in the prior year quarter. Revenues for the third quarter jumped 77% to $84.0 million from $47.5 million a year ago. Analsts expected the company to earn $0.16 per ADS on revenue of $81.59 million for the third quarter.
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