Starbucks Shares Slip As Revenue Falls Short Of Street View

By Wallace Witkowski Markets MarketWatch Pulse

Starbucks Corp. shares declined in the extended session Thursday after the coffee chain matched Wall Street earnings estimates but fell short of consensus revenue targets. Starbucks shares fell 3.2% to $59.31 after hours. The company reported fiscal second-quarter earnings of 45 cents a share on revenue of $5.29 billion. Analysts surveyed by FactSet had forecast earnings of 45 cents a share on revenue of $5.42 billion.

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