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Keurig Green Mountain slumps on 2Q results and lower outlook

May 06, 2015 - Associated Press Financial Wire
Board and Executive Moves-Financial Results

WATERBURY, Vt. (AP) - Shares of Keurig Green Mountain fell in extended trading Wednesday after the maker of single-serve coffee brewing systems reported disappointing fiscal second-quarter results and cut its estimates for the year.

Keurig said sales of its newer Keurig 2.0 system were slower than it expected and said it is working to solve the problem. The company had called for sales growth in the mid- to high-single digits, but now says its annual revenue may increase by a low single-di...