Starbucks Earnings beat, Revenue misses In Q1 By Investing.com

Starbucks (NASDAQ:SBUX) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Starbucks announced earnings per share of $0.61 on revenue of $6.75B. Analysts polled by Investing.com anticipated EPS of $0.555 on revenue of $6.9B.

Starbucks shares are down 2% from the beginning of the year and are trading at $102.66 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.51% from the start of the year.

Starbucks shares lost 1.98% in after-hours trade the report.

Starbucks follows other major Services sector earnings this month

Starbucks’s report follows an earnings missed by Netflix on January 19, who reported EPS of $1.19 on revenue of $6.64B, compared to forecasts EPS of $1.36 on revenue of $6.62B.

Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.21 on revenue of $34.69B, compared to forecast for EPS of $1.17 on revenue of $34.49B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar