Investing.com - Starbucks (NASDAQ:SBUX) reported fourth quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.62 on revenue of $6.3B. Analysts polled by Investing.com expected EPS of $0.6 on revenue of $6.29B. That compared to EPS of $0.55 on revenue of $5.66B in the same period a year earlier. The company had reported EPS of $0.62 on revenue of $6.31B in the previous quarter.
Starbucks shares gained 7.79% to trade at $63.20 in after-hours trade following the report.
For the year, Starbucks shares are up 2.09%, under-performing the Nasdaq which is up 7.16% year to date.
Starbucks follows other major Services sector earnings this month
On Thursday, October 25, 2018, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Visa (NYSE:V) earnings beat analyst's expectations on Wednesday, October 24, 2018, with fourth quarter EPS of $1.21 on revenue of $5.43B. Investing.com analysts expected EPS of $1.2 on revenue of $5.44B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar