Starbucks Earnings Miss, Revenue Beats In Q2
2022.05.03 23:46
Starbucks Earnings Miss, Revenue Beats In Q2
Investing.com – Starbucks (NASDAQ:SBUX) reported on Tuesday second quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Starbucks announced earnings per share of $0.59 on revenue of $7.64B. Analysts polled by Investing.com anticipated EPS of $0.597 on revenue of $7.62B.
Starbucks shares are down 36% from the beginning of the year, still down 41.16% from its 52 week high of $126.32 set on July 23, 2021. They are under-performing the Nasdaq which is down 19.69% from the start of the year.
Starbucks shares gained 0.43% in after-hours trade following the report.
Starbucks follows other major Consumer Discretionary sector earnings this month
Starbucks’s report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
