Investing.com - Starbucks (NASDAQ:SBUX) reported on Tuesday first quarter earnings 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 and are trading at $102.66 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.51% from the start of the year.
Starbucks shares lost 1.98% in after-hours trade after the report.
Starbucks follows other major Services sector earnings this month
Starbucks's report follows an earnings missed by Netflix on Tuesday, January 19, 2021, 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