Investing.com - Starbucks (NASDAQ:SBUX) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Starbucks announced earnings per share of $0.59 on revenue of $7.64B. Analysts polled by Investing.com anticipated EPS of $0.597 on revenue of $7.62B.
Starbucks shares are down 36% from the beginning of the year and are trading at $74.25 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% from the start of the year.
Starbucks shares lost 0.11% in after-hours trade the report.
Starbucks follows other major Consumer Discretionary sector earnings this month
Starbucks's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
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