Starbucks announced earnings per share of $-0.46 on revenue of $4.22B. Analysts polled by Investing.com anticipated EPS of $-0.59 on revenue of $4.07B.
Starbucks shares are down 15% from the beginning of the year , still down 24.56% from its 52 week high of $98.94 set on July 29, 2019. They are under-performing the Nasdaq which is up 15.93% from the start of the year.
Starbucks shares gained 3.19% in after-hours trade following the report.
Starbucks’s report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
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