$SBUX jumps after revenue surpass estimates

Shares of the Seattle-based coffee chain Starbucks Corporation (NASDAQ: SBUX) surged 10% on Wednesday, May 04 after the company’s fiscal second-quarter revenue topped estimates. The revenue for the second quarter reached $7.6 billion, which was up 15% year-over-year and the company opened 313 net new stores in the last quarter.

  • Earnings per share: $.59 vs. $.59 expected
  • Revenue: $7.64 billion vs. $7.6 billion expected

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