Starbucks Corp. (SBUX) reported second quarter EPS of $0.51 after the bell Thursday, which included a $0.03 per share gain on the sale of the company's equity in the joint venture that operates Starbucks stores in Mexico. The consensus estimate was for EPS of $0.48. Revenues for the quarter came in at $3.56 billion, compared to the consensus estimate of $3.59 billion.
Looking ahead to fiscal year 2013, the company now expects earnings of $2.12 to $2.18 per share, up from prior guidance of $2.06 to $2.15 per share. The consensus estimate is for EPS of $2.16. The stock is now down 1.02 on 596K shares.
Starbucks posted gains in early trade Thursday, before settling into a range. The stock closed up by 0.67 at $60.50. The stock closed challenging the highs of the year, trading at over an 11 1/2 mont high.
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