Starbucks Corp. Q2 Profit Increases, Inline With Estimates

Starbucks Corp. (SBUX) revealed earnings for its second quarter that increased from last year in line with the Street estimates.

The company's bottom line came in at $674.5 million, or $0.58 per share. This compares with $659.4 million, or $0.56 per share, in last year's second quarter.

Excluding items, Starbucks Corp. reported adjusted earnings of $0.59 per share for the period.

Analysts on average had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.5% to $7.64 billion from $6.67 billion last year.

Starbucks Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $674.5 Mln. vs. $659.4 Mln. last year.
-EPS (Q2): $0.58 vs. $0.56 last year.
-Analyst Estimate: $0.59
-Revenue (Q2): $7.64 Bln vs. $6.67 Bln last year.

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