Investing.com - Starbucks (NASDAQ:SBUX) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Starbucks announced earnings per share of $0.72 on revenue of $8.05B. Analysts polled by Investing.com anticipated EPS of $0.7968 on revenue of $8B.
Starbucks shares are down 15% from the beginning of the year and are trading at $94.00 , down-from-52-week-high.They are under-performing the Nasdaq which is down 8.3% from the start of the year.
Starbucks shares lost 4.82% in after-hours trade following the report.
Starbucks follows other major Consumer Discretionary sector earnings this month
Starbucks's report follows an earnings beat by Tesla on Wednesday, January 26, 2022, who reported EPS of $2.54 on revenue of $17.72B, compared to forecasts EPS of $2.36 on revenue of $17.13B.
Louis Vuitton ADR had matched expectations on Thursday with fourth quarter EPS of $2.54 on revenue of $22.37B, compared to forecast for EPS of $2.54 on revenue of $20.27B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar