Starbucks Sales Miss Expectations
Jan 24, 2014, 02:37 IST
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Earnings per share were $0.71, better than the consensus $0.69 Wall Street estimate. Revenue, however, was light - it came in at $4.24 billion versus the Street's $4.29 billion estimate.
Meanwhile, global same-store sales were up 5%, below estimates for a 5.9% advance.
Shares fell more than 2% in after-hours trading following the release, but have since bounced back.
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