Starbucks Earnings Beat, Revenue Misses In Q1 By Investing.com
Investing.com – Starbucks (NASDAQ:) reported on Tuesday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Starbucks announced earnings per share of $0.61 on revenue of $6.75B. Analysts polled by Investing.com anticipated EPS of $0.555 on revenue of $6.9B.
Starbucks shares are down 2% from the beginning of the year, still down 2.77% from its 52 week high of $107.71 set on January 4. They are under-performing the which is up 4.67% from the start of the year.
Starbucks shares lost 2.23% in after-hours trade following the report.
Starbucks follows other major Services sector earnings this month
Starbucks’s report follows an earnings missed by Netflix on January 19, who reported EPS of $1.19 on revenue of $6.64B, compared to forecasts EPS of $1.36 on revenue of $6.62B.
Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.21 on revenue of $34.69B, compared to forecast for EPS of $1.17 on revenue of $34.49B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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