SEATTLE (dpa-AFX) - Starbucks Corp. (SBUX) released a profit for second
quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $772.4 million, or $0.68 per share. This
compares with $908.3 million, or $0.79 per share, in last year's second quarter.

Excluding items, Starbucks Corp. reported adjusted earnings of $0.68 per share
for the period.

Analysts on average had expected the company to earn $0.79 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 1.8% to $8.56 billion from $8.72
billion last year.

Starbucks Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $772.4 Mln. vs. $908.3 Mln. last year.
-EPS (Q2): $0.68 vs. $0.79 last year.
-Revenue (Q2): $8.56 Bln vs. $8.72 Bln last year.


Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX