Company News: Starbucks (SBUX) quarterly results beat analysts’ forecasts

Market news

26 July 2019

Company News: Starbucks (SBUX) quarterly results beat analysts’ forecasts

Starbucks (SBUX) reported Q2 FY 2019 earnings of $0.78 per share (versus $0.62 in Q2 FY 2018), beating analysts’ consensus estimate of $0.73.

The company’s quarterly revenues amounted to $6.823 bln (+8.1% y/y), beating analysts’ consensus estimate of $6.666 bln.

The company also issued upside guidance for FY 2019, projecting EPS of $2.80-2.82 versus analysts’ consensus estimate of $2.80.

SBUX rose to $97.00 (+6.62%) in pre-market trading.

U.S. Fed to cut rates by 25 bps or 50 bps on 31 July? - ING

Company News: Intel (INTC) quarterly results beat analysts’ expectations

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.