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Starbucks announced earnings per share of $1.01 on revenue of $7.5B. Analysts polled by Investing.com anticipated EPS of $0.7744 on revenue of $7.26B.
Starbucks shares are up 29% from the beginning of the year, still down 0.18% from its 52 week high of $126.32 set on July 23. They are outperforming the S&P Global 100 which is up 16.33% from the start of the year.
Starbucks shares lost 2.23% in after-hours trade following the report.
Starbucks’s report follows an earnings beat by Tesla on Monday, who reported EPS of $1.45 on revenue of $11.96B, compared to forecasts EPS of $0.9364 on revenue of $11.53B.
Louis Vuitton ADR had beat expectations on Monday with second quarter EPS of $1.74 on revenue of $17.36B, compared to forecast for EPS of $1.45 on revenue of $16.61B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
