Investing.com - Starbucks (NASDAQ:SBUX) reported fourth quarter earnings that matched analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $6.75B. Analysts polled by Investing.com forecast EPS of $0.7 on revenue of $6.67B. That compared to EPS of $0.62 on revenue of $6.3B in the same period a year earlier. The company had reported EPS of $0.78 on revenue of $6.82B in the previous quarter.
Starbucks shares gained 1.79% to trade at $85.76 in after-hours trade following the report.
Starbucks shares gained 1.79% to trade at $85.76 in after-hours trade following the report.
For the year, Starbucks shares are up 30.82%, broadly in line with the Nasdaq 100 which is up 30.4% year to date.
Starbucks follows other major Services sector earnings this month
On Thursday, October 24, 2019, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Visa A earnings beat analyst's expectations on Thursday, October 24, 2019, with fourth quarter EPS of $1.47 on revenue of $6.14B. Investing.com analysts expected EPS of $1.43 on revenue of $6.08B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar