Keurig Green Mountain shares reeled after the company reported quarterly revenue that fell short of Wall Street expectations on disappointing holiday sales. The stock was down about 7 percent in extended trading on Wednesday.
The producer of beverage makers and single-serve K-Cup coffee reported earnings of 88 cents a share, down from 96 cents a share in the year-earlier period. Revenue remained stagnant from the year-earlier period at $1.39 billion.
Analysts had expected Keurig to report earnings of 89 cents a share on $1.47 billion in revenue, according to a consensus estimate from Thomson Reuters.