Starbucks' earnings report was weak — but Wall Street expected worse

Wall Street is shaking off Starbucks' weak quarterly report, seemingly taking executives at their word that the company's challenges are "transitory."The coffee giant's stock ticked higher in morning trading, hours after it reported fiscal first-quarter earnings and revenue that missed Wall Street's estimates and lowered its full-year sales outlook. Including Wednesday morning's move, shares have fallen about 13% over the last year, dragging the company's market cap down to roughly $110 billion.Some investo ...