Investing.com - Starbucks (NASDAQ:SBUX) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.75 on revenue of $6.63B. Analysts polled by Investing.com forecast EPS of $0.65 on revenue of $6.49B. That compared to EPS of $0.58 on revenue of $5.70B in the same period a year earlier. The company had reported EPS of $0.62 on revenue of $6.3B in the previous quarter.
Starbucks shares gained 1.16% to trade at $65.49 in after-hours trade following the report.
For the year, Starbucks shares are up 0.53%, under-performing the Nasdaq which is up 8.71% year to date.
Starbucks follows other major Services sector earnings this month
On Wednesday, Comcast reported fourth quarter EPS of $0.64 on revenue of $27.85B, compared to forecasts of EPS of $0.63 on revenue of $27.55B.
Netflix earnings beat analyst's expectations on January 17, with fourth quarter EPS of $0.3 on revenue of $4.19B. Investing.com analysts expected EPS of $0.24 on revenue of $4.21B
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