Coffee Holding Co., Inc. Reports Results for Three and Six Months Ended April 30, 2016
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Coffee Holding Co. (JVA) Surges Higher After Swinging to Profit
June 3, 2016 9:40 AM EDTCoffee Holding Co. (NASDAQ: JVA) is surging early (+51%) after the company reported Q2 EPS of $0.14, versus ($0.33) reported last year. Revenue for the quarter came in at $21.41 million, versus $30.26 million reported last year.
The decrease in net sales reflects lower coffee prices during the quarter and our reduced wholesale transactions with Keurig Green Mountain, Inc. of approximately $8,158,000.
"We are again pleased to report positive results to our shareholders as we have now successfully achieved four consecutive profitable quarters. Although coffee prices continue to remain at levels where we... More
