Starbucks Corp. (SBUX: Quote) reported first quarter net income of $0.57 per share after the bell Thursday, up from $0.50 per share in the prior year. The consensus estimate was for EPS of $0.57. Revenues grew 11 percent to $3.80 billion from $3.44 billion last year. Analysts estimated revenues of $3.84 billion for the quarter.
Starbucks gapped up sharply Friday and is currently higher by 2.42 at $56.99. The stock has broken out of a 3-week trading range and has set an 8 1/2 month high.
Click here to receive FREE breaking news email alerts for Starbucks Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org