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

Noticias del mercado

26 julio 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.

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