Starbucks Corporation (SBUX) Q3 Earnings Beat Estimates, Shares Rise

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HFA Staff
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Starbucks Corporation (NASDAQ:SBUX) publicly declared its earnings for the three months closing June 30 this afternoon after the markets closed on Wall Street. The company showed earnings of 55 cents per share for the period on revenue totaling $3.74 billion. In the stock market today there was a strong upward trend in Starbucks Corporation (NASDAQ:SBUX) shares, which finished the day at $68.17. In the run up to the announcement of this earnings report, analysts following Starbucks Corporation (NASDAQ:SBUX) were looking for earnings of 53 cents per share for the three months. Revenues for the reported period were expected to come…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.