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Starbucks Corp. Q2 adjusted earnings Miss Estimates

Starbucks Corp. (SBUX) revealed earnings for second quarter that fell from last year.

The company's profit came in at $328.4M, or $0.28 per share. This compares with $663.2M, or $0.53 per share, in last year's second quarter.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.9% to $6.00 billion from $6.31 billion last year.

Starbucks Corp. earnings at a glance:

-EPS (Q2): $0.32 vs. $0.60 last year.
-Analysts Estimate: $0.34
-Revenue (Q2): $6.00 Bln vs. $6.31 Bln last year.

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