Investing.com - Starbucks (NASDAQ:SBUX) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.78 on revenue of $6.82B. Analysts polled by Investing.com anticipated EPS of $0.72 on revenue of $6.67B. That compared to EPS of $0.62 on revenue of $6.31B in the same period a year earlier. The company had reported EPS of $0.6 on revenue of $6.31B in the previous quarter.
Starbucks shares gained 5.05% to trade at $95.57 in after-hours trade following the report.
For the year, Starbucks shares are up 41.27%, outperforming the Nasdaq which is up 26.61% year to date.
Starbucks follows other major Services sector earnings this month
On Thursday, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.47B.
Visa A earnings beat analyst's expectations on Wednesday, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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