Shares of Starbucks Corp. rose nearly 6% in the extended session Thursday after the company reported fiscal third-quarter profit and sales above Wall Street expectations and raised its guidance for the year.
Analysts polled by FactSet had expected the company to report adjusted third-quarter earnings of 72 cents a share on sales of $6.7 billion. Same-store sales in China and the Asia-Pacific region increased 5%, driven by a 3% increase in average ticket and a 2% increase in transactions, Starbucks said.