Investing.com - Starbucks (NASDAQ:SBUX) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Starbucks announced earnings per share of $0.81 on revenue of $8.4B. Analysts polled by Investing.com anticipated EPS of $0.73 on revenue of $8.33B.
Starbucks shares are up 18% from the beginning of the year and are trading at $86.74 , down-from-52-week-high.
Starbucks shares gained 2.43% 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 Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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