Breaking: Starbucks (SBUX) reports Q3 earnings, EPS $1.01 beats $0.77 estimate

Ivan Brian FXStreet

Starbucks (SBUX) reported Q3 2021 earnings after the close on Tuesday. Earnings Per Share (EPS) came in at $1.01 versus the $0.77 average Wall Street estimate.

Revenue was $7.5 billion versus the $7.24 billion estimate.

Starbucks closed the regular session on Tuesday at $126.02.

Starbucks (SBUX) earnings news

Starbucks stock is trading at $123.74 in Tuesdays after market for a loss of 2%. Starbucks also raised 2021 EPS guidance from $2.90-3 up to $3.20-3.25. Also raises revenue guidance.

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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