http://www.marketwatch.com/story/keurig-green-mountain-cutting-jobs-sales-miss-2015-08-05
Shares ended the trading day down about 2%, but the
earnings report and news of layoffs pushed them 27.7% lower
after-hours. Keurig's stock price has fallen more than 43% year-to-date.
The company said it wants to reduce costs by $100 million next year, and it'll cut 5% of its 6,600-plus workforce to do it.
Weak sales slammed its revenues and profits. The coffee product maker
reported a $350,000 gross profit Wednesday, compared to more than $1.2
million at the same time last year.
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