Starbucks Corporation (NASDAQ: SBUX) reported third-quarter financial results after the closing bell on Tuesday. In Q3, the company reported narrower-than-expected losses on revenues that surpassed Wall Street projections.
SBUX shares rose 3.16% immediately following the announcement. The stock has declined by 16% since the beginning of this year.
Starbucks CEO Kevin Johnson said in a statement, “As we continue to drive the recovery, we are also building resilience for the future by accelerating the transformation of our business in ways that will elevate the customer and partner experience and drive long-term growth.”
Prior performance
Most Popular
Infographic: Ferrari (RACE) earnings and shipments in Q2
Ferrari NV (NYSE: RACE) reported second-quarter financial results before the regular trading hours on Monday. RACE shares fell 2.3% immediately following the announcement. The stock has increased by 8% since
Tyson Foods Q3 earnings drop on lower sales, but beat estimates
Tyson Foods, Inc. (NYSE: TSN) reported better-than-expected earnings for the third quarter. Meanwhile, revenues missed the Street view. The packaged food company posted adjusted earnings of $1.40 per share for the
After blockbuster Q2, Amazon (AMZN) is headed for a busy second half
As the business world limps back to normalcy from the crisis set off by coronavirus, most e-commerce companies are going through a period of hectic activity, thanks to the spurt