SEATTLE (dpa-AFX) - Starbucks Corp. (SBUX) announced a profit for third quarter that decreased from last year in line with the Street estimates.
The company's bottom line totaled $1.054 billion, or $0.93 per share. This compares with $1.141 billion, or $0.99 per share, in last year's third quarter.
Excluding items, Starbucks Corp. reported adjusted earnings of $0.93 per share for the period.
Analysts on average had expected the company to earn $0.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.6% to $9.113 billion from $9.168 billion last year.
Starbucks Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $1.054 Bln. vs. $1.141 Bln. last year. -EPS (Q3): $0.93 vs. $0.99 last year. -Revenue (Q3): $9.113 Bln vs. $9.168 Bln last year.
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