- Keurig Green Mountain reported an 11% rise in earnings for its fourth fiscal quarter, as revenue rose 8%.
- The company cited a 22% leap in sales of its K-cups, the single-serve containers used in Keurig machines.
- But the Waterbury, VT-based company disappointed analysts with a profit forecast for its present quarter that was below expectations.
Keurig said sales of the newest version of its hot beverage machine, which is designed to foil counterfeit K-cups, has gone well. And the company said it's still on schedule to launch a new cold brew machine with partner Coca-Cola by fall 2015.
But the holidays are just weeks away, and a warning that profit in its present quarter would be less than expected seemed to wipe away all the good news in the earnings report. Shares in Keurig fell 1.2% in after-market trading Wednesday.