Starbucks Down On Disappointing Outlook

03-Nov-2014 - USA

Starbucks Corp. (SBUX) reported fourth quarter non-GAAP EPS of $0.74 after the bell Thursday, which was in line with expectations. Revenues were $4.18 billion, compared to $3.79 billion a year ago. Analysts expected revenues of $4.23 billion.

The company expects to report first quarter non-GAAP EPS of $0.79 to $0.81 and between $3.08 and $3.13 for the full year. The consensus estimates are for EPS of $0.83 and $3.16. 

Starbucks gapped open lower Friday morning and is now down 1.38 at $75.94. (dpa)

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