SEATTLE (dpa-AFX) - Starbucks Corp. (SBUX) announced earnings for third quarter that Decreased from last year and missed the Street estimates.
The company's bottom line came in at $558.3 million, or $0.49 per share. This compares with $1.054 billion, or $0.93 per share, last year.
Excluding items, Starbucks Corp. reported adjusted earnings of $0.50 per share for the period.
Analysts on average had expected the company to earn $0.65 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.8% to $9.456 billion from $9.113 billion last year.
Starbucks Corp. earnings at a glance (GAAP) :
-Earnings: $558.3 Mln. vs. $1.054 Bln. last year. -EPS: $0.49 vs. $0.93 last year. -Revenue: $9.456 Bln vs. $9.113 Bln last year.
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