Starbucks’ stock soars 7% after earnings crush estimates

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

Starbucks Corp.’s stock SBUX, -0.96% soared 7% in premarket trade Thursday, after the coffee store chain posted better-than-expected earnings for its fiscal fourth quarter. The company had net income of $1.219 billion, or $1.06 a share, for the quarter to Oct. 1, up from $878.3 million, or 76 cents a share, in the year-earlier period.

Adjusted per-share earnings also came to $1.06, ahead of the 97 cent FactSet consensus. Revenue rose 11% to $9.374 billion, also ahead of the $9.290 billion FactSet consensus. Global same-store sales rose 8%. The company will provide guidance for fiscal 2024 on its earnings call. The stock has fallen 8% in the year to date, while the S&P 500 SPX, +1.05% has gained 10%.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

S&P Global upgrades Ford’s rating and restores it to investment gradeCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Amgen’s stock jumps premarket after earnings beat and company again raises guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »