Starbucks Earnings beat, Revenue misses In Q2 By Investing.com

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

Starbucks announced earnings per share of $0.62 on revenue of $6.67B. Analysts polled by Investing.com anticipated EPS of $0.5306 on revenue of $6.78B.

Starbucks shares are up 10% from the beginning of the year and are trading at $114.70 , down-from-52-week-high.They are under-performing the Dow Jones which is up 11.04% from the start of the year.

Starbucks shares lost 1.25% in after-hours trade the report.

Starbucks follows other major Services sector earnings this month

Starbucks’s report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.7B, compared to forecasts EPS of $1.27 on revenue of $5.56B.

Verizon had beat expectations on April 21 with first quarter EPS of $1.31 on revenue of $32.9B, compared to forecast for EPS of $1.29 on revenue of $32.46B.

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