Starbucks revenue falls short of projections as same-store sales decline for second straight quarter
Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international locations saw weaker demand. Despite the lack of revenue, the company's shares rose more than 2% in after-hours trading. Here are the financial data reported versus Wall Street expectations, based on a survey conducted by LSEG: Earning per share: 93 cents adjusted vs. 93 cents expected Income: $9.11 billion versus $9.24 billion expected The coffee giant reported third-quarter net income of $1.05 billion, or 93 cents a share, down from $1.14 billion, or 99 cents a share, in the same period last year. Excluding…
