Company News: Starbucks (SBUX) quarterly earnings meet analysts’ estimate

Market news

27 April 2018

Company News: Starbucks (SBUX) quarterly earnings meet analysts’ estimate

Starbucks (SBUX) reported Q2 FY 2018 earnings of $0.53 per share (versus $0.45 in Q2 FY 2017), in-line with analysts' consensus estimate.

The company's quarterly revenues amounted to $6.032 bln (+13.9% y/y), beating analysts' consensus estimate of $5.934 bln.

The company also reaffirmed guidance for FY 2018, projecting EPS of $2.48-2.53 versus analysts' consensus estimate of $2.49.

SBUX fell to $58.35 (-1.73%) in pre-market trading.

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