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
Earnings calendar for the week of Oct. 26
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign
Southwest Airlines (LUV) expects business travel to remain down well into next year
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 2% in afternoon hours on Friday. The stock has gained 35% over the past three months. The company reported better-than-expected
Big banks have their eyes on second half of 2021
The biggest stimulus package of all time, which was meant to boost consumption has actually led to more deposits, inflating the size of banks’ balance sheets. A working paper shows