Starbucks Earnings Beat, Investing.com’s First Quarter Income Lacking
© Reuters. Starbucks earnings beat, sales missing in first quarter
Investing.com – Starbucks (NASDAQ 🙂 reported Tuesday that analyst forecasts and revenues were below expectations.
Starbucks announced earnings per share of $ 0.61 on sales of $ 6.75 billion. Analysts polled by Investing.com expected earnings per share of $ 0.555 on sales of $ 6.9 billion.
Starbucks stock is down 2% year-to-date, still 2.77% from its 52-week high of $ 107.71 on Jan. 4. It is below average, which corresponds to an increase of 4.67% compared to the beginning of the year.
Starbucks stock lost 2.23% in over-the-counter trading, according to the report.
Starbucks follows other major revenues in the service sector this month
Starbucks’ report follows a win that Netflix missed on Jan. 19. EPS reported earnings per share of $ 1.19 on revenue of $ 6.64 billion, compared to earnings per share of $ 1.36 on revenue of $ 6.62 billion.
Verizon beat expectations Tuesday with earnings per share of $ 1.21 on revenue of $ 34.69 billion in the fourth quarter, compared to a forecast for earnings per share of $ 1.17 on revenue of 34 . $ 49 billion.
Stay up to date on all upcoming earnings reports by visiting Investing.com’s earnings calendar
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