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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: