Starbucks (SBUX) Surpasses Q1 Earnings and Revenue Estimates

Starbucks (SBUX) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of$ 0.66 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this coffee chain would post earnings of$ 0.80 per share when it actually produced earnings of $0.80, delivering no surprise.Over the last four quarters, the company has surpass ...