25 Apr '13, 8pm

latest earnings report: Profits up, but 11% revenue increase disappoints Wall Street

Starbucks' latest earnings report: Profits up, but 11% revenue increase disappoints Wall Street Starbucks met Wall Street’s expectations on profits, but it came up short on beating the revenue expectation so the stock is down in after-hours trading. "The revenue miss is a negative sign to shareholders seeking high growth out of the company," reports Wall Street Cheat Sheet. Global sales rose 6% during the three months ended March 31. Revenue rose 11% to $3.56 billion -- shy of the $3.58 billion that Wall Street expected. * Starbucks raises outlook, but sales miss estimates * Read Starbucks' press release on the earnings report Posted at 01:57 PM | Permalink

Full article: http://starbucksgossip.typepad.com/_/2013/04/starbucks-la...

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