Company News: Starbucks (SBUX) reports earnings in line with analysts' estimates

Market news

27 January 2017

Company News: Starbucks (SBUX) reports earnings in line with analysts' estimates

Starbucks reported Q1 FY 2017 earnings of $0.52 per share (versus $0.46 in Q1 FY 2016), in-line with analysts' consensus estimate.

The company's quarterly revenues amounted to $5.733 bln (+6.7% y/y), missing analysts' consensus estimate of $5.851 bln.

SBUX fell to $55.70 (-4.72%) in pre-market trading.

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