Starbucks Shares Are Surging
Starbucks shares are up 7% after reporting what CEO Howard Schultz called "the best across-the-board third-quarter performance in our 42-year history.”
Total net revenues increased 13% to $3.7 billion, in line with estimates.
Earnings came in at $417.8 million for $0.55 EPS, versus $0.53 expected and $333.1 million/$0.43 a year ago.
Here's the chart:
Yahoo