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Starbucks: Fiscal Q4 Earnings Snapshot
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SEATTLE (AP) — SEATTLE (AP) — Starbucks Corp. (SBUX) on Thursday reported fiscal fourth-quarter profit of $677.2 million.

The Seattle-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, came to 80 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The coffee chain posted revenue of $9.14 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $9.27 billion.

Starbucks expects full-year earnings in the range of $3.15 to $3.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBUX at https://www.zacks.com/ap/SBUX

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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