Starbucks Corp. (SBUX) reported fourth quarter EPS of $0.24 after the close Thursday, which beat the consensus estimate of $0.21. The company also raised its full year 2010 EPS growth forecast to between a 15% and 20% increase from 2009, from prior expectations of an increase between 13% and 18%.
Starbucks Corp. gapped up Friday and climbed during the second half of the morning. Shares finished up by $1.42 at $21.12 on the highest volume in 3 1/2 months. The stock rose past resistance and set a new high for the year.
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