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
Read more- https://gulfbrokers.com/en/starbucks-jumps-after-revenue-surpass-estimates