Investing.com - Starbucks (NASDAQ:SBUX) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.6 on revenue of $6.31B. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $6.32B. That compared to EPS of $0.53 on revenue of $6.03B in the same period a year earlier. The company had reported EPS of $0.75 on revenue of $6.63B in the previous quarter.
Starbucks shares gained 1.72% to trade at $78.44 in after-hours trade following the report.
For the year, Starbucks shares are up 19.74%, under-performing the Nasdaq 100 which is up 26.11% year to date.
Starbucks follows other major Services sector earnings this month
On Thursday, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.71 on revenue of $59.7B.
Visa A earnings beat analyst's expectations on Wednesday, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B
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