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Starbucks Sales Miss Expectations

Matthew Boesler   

Starbucks Sales Miss Expectations

starbucks coffee latte

Justin Sullivan/Getty Images

Starbucks just released earnings results for the quarter ended December 31, 2013.

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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