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Starbucks Earnings Beat, Revenue Misses In Q1

Stock MarketsJan 26, 2021 22:09

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Starbucks Earnings Beat, Revenue Misses In Q1

Investing.com - Starbucks reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Starbucks announced earnings per share of $0.61 on revenue of $6.75B. Analysts polled by Investing.com EPS of $0.555 on revenue of $6.9B.

Starbucks 's are down 2% and is trading at $102.66 , still down 2.77% from its 52 week high of $107.71 set on Monday, January 4, 2021.

Starbucks shares lost 1.98% to trade at $102.66 in after-hours trade the report.

Starbucks follows other major Services sector earnings this month

Starbucks's report follows an earnings missed by Netflix on Tuesday, January 19, 2021, who reported EPS of $1.19 on revenue of $6.64B, EPS of $1.36 on revenue of $6.62B.

Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.21 on revenue of $34.69B, for EPS of $1.17 on revenue of $34.49B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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Starbucks Earnings Beat, Revenue Misses In Q1

Starbucks follows other major Services sector earnings this month

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