Starbucks Shares Up 4% After Better-than-expected Q2 Earnings

MarketWatch Pulse

Shares of Starbucks Corp. were up 4% in after-hours trade Thursday, after a better-than-expected fiscal second-quarter report. . The Seattle coffee chain reported earnings per share of 33 cents, which is up 18% from the prior-year period. The FactSet consensus was also 33 cents. Revenues rose 18% to $4.56 billion, beating the FactSet consensus of $4.53 billion. The company also beat on same-store sales, reporting growth of 7% compared to consensus of 5.1%. Starbucks pointed to the acquisition of Starbucks Japan as the driver for the increase in revenue.

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