Company News: Starbucks (SBUX) posts quarterly earnings in line with analysts' forecast

Market news

29 April 2020

Company News: Starbucks (SBUX) posts quarterly earnings in line with analysts' forecast

Starbucks (SBUX) reported Q2 FY 2020 earnings of $0.32 per share (versus $0.60 per share in Q2 FY 2019), in line with analysts' consensus estimate.

The company's quarterly revenues amounted to $5.996 bln (-4.9% y/y), beating analysts' consensus estimate of $5.853 bln.

SBUX fell to $77.30 (-1.77%) in pre-market trading.

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