Starbucks (NASDAQ:SBUX) reported fourth quarter earnings that matched analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $6.75B. Analysts polled by expected EPS of $0.7 on revenue of $6.67B. That compared to EPS of $0.62 on revenue of $6.3B in the same period a year earlier. The company had reported EPS of $0.78 on revenue of $6.82B in the previous quarter.
Starbucks shares gained 1.79% to trade at $85.76 in after-hours trade following the report.
Starbucks follows other major Services sector earnings this month
On October 24, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Visa A earnings beat analysts' expectations on October 24, with fourth quarter EPS of $1.47 on revenue of $6.14B. analysts expected EPS of $1.43 on revenue of $6.08B
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