Company News: Starbucks (SBUX) quarterly earnings beat analysts’ forecast

Market news

27 July 2018

Company News: Starbucks (SBUX) quarterly earnings beat analysts’ forecast

Starbucks (SBUX) reported Q3 FY 2018 earnings of $0.62 per share (versus $0.55 in Q3 FY 2017), beating analysts' consensus estimate of $0.60.

The company's quarterly revenues amounted to $6.310 bln (+11.5% y/y), generally in-line with analysts' consensus estimate of $6.252 bln.

The company also issued upside guidance for Q4, projecting EPS of $0.68 versus analysts' consensus estimate of $0.63.

SBUX fell to $51.31 (-0.27%) in pre-market trading.

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