Starbucks Earnings, Revenue Beat in Q3
2022.08.03 00:02
Starbucks Earnings, Revenue Beat in Q3
Investing.com – Starbucks (NASDAQ:SBUX) reported on Tuesday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Starbucks announced earnings per share of $0.84 on revenue of $8.15B. Analysts polled by Investing.com anticipated EPS of $0.7665 on revenue of $8.14B.
Starbucks shares are down 28% from the beginning of the year, still down 31.92% from its 52 week high of $122.95 set on August 2, 2021. They are under-performing the Nasdaq which is down 21.07% from the start of the year.
Starbucks shares gained 1.13% 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 $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
