11:45 AM New York – Green Mountain Coffee third quarter soared 30% to $73.3 million. Procter & Gamble fourth quarter net surged 45% to $3.63 billion. Telus Corp. second quarter net grew 1.2% to $328 million. Viacom second quarter net slipped 7% to $534 million.

Earnings Review

Green Mountain Coffee Roasters, Inc. (GMCR), the coffee maker reported net sales in the third quarter ending on June 23 surged 21% to $869.2 million compared to $717.2 million in the same period of last year. Net income in the quarter soared 30% to $73.3 million or 46 cents per diluted share compared to of $56.3 million or 37 cents per share a year ago period.

The Procter & Gamble Company (PG), the packaged goods company reported net sales in the fourth quarter ending in June fell 1% to $20.2 billion compared to $20.4 billion in the same period of last year. Net income in the quarter surged 45% to $3.63 billion or $1.24 per diluted share compared to of $2.51 billion or 84 cents per share a year ago period.

The company expects net sales for fiscal 2013 are expected to fall 2% from the prior year and earnings per share are expected to be in the range of $3.61 to $3.85. For the fiscal first quarter net sales growth is estimated to fall 4% to 6% and earnings per share in the range of 83 cents to 91 cents.

Telus Corporation (TU), the Canada based telecom operator reported revenues in the second quarter ending in June dropped 4.3% to C$2.67 billion compared to C$2.55 billion in the same period of last year. Net income in the quarter rose 1.2% to $328 million or $1.01 per diluted share compared to $324 million or 99 cents per share a year ago.

Viacom Inc. (VIA), the entertainment company reported revenues in the second quarter ending in June plunged 14% to $3.24 billion compared to $3.76 billion in the same period of last year. Net earnings in the quarter decreased 7% to $534 million or $1.01 per diluted share compared to $575 million or 97 cents per share a year ago.

Yelp Inc. (YELP), the online review company reported revenues in the second quarter ending in June surged 66.8% to $32.7 million compared to $19.6 million in the same period of last year. Net loss in the quarter widened to $1.98 million or 3 cents per diluted share compared to $1.21 million or 8 cents per share a year ago.