Investing.com - Starbucks (NASDAQ:SBUX) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Starbucks announced earnings per share of $0.79 on revenue of $7.10B. Analysts polled by Investing.com forecast EPS of $0.76 on revenue of $7.1B. That EPS of $0.75 on revenue of $6.63B in the a year .Starbucks had EPS of $0.7 on revenue of $6.75B in the .Analysts are EPS of $0.66 and revenue of $6.76B in the quarter.
Starbucks 's are up 0.77% and is trading at $88.50 , down-from-52-week-high.
Starbucks shares lost 0.11% to trade at $88.50 in after-hours trade the report.
Starbucks follows other major Services sector earnings this month
Starbucks's report follows an earnings beat by Comcast on Thursday, who reported EPS of $0.79 on revenue of $28.4B, EPS of $0.77 on revenue of $28.17B.
Netflix had beat expectations on January 21 with fourth quarter EPS of $1.3 on revenue of $5.47B, forecast for EPS of $0.52 on revenue of $5.45B.
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