Starbucks (NASDAQ: SBUX) reported fourth-quarter 2020 financial results after the closing bell on Thursday. The coffee chain reported an 8% decline in Q4 revenues to $6.20 billion, which was better than the Wall Street consensus. Earnings of $0.51 per share also surpassed average analysts’ estimates by 20 cents.
SBUX shares fell 1% immediately following the announcement. The stock has traded almost flat so far this year.
CEO Kevin Johnson said, “The guiding principles we established at the onset of the pandemic, combined with our industry-leading digital platform and our ability to innovate rapidly, continue to fuel our recovery and provide confidence in a robust operating outlook for fiscal 2021. “
Software giant Oracle Corporation (NYSE: ORCL) reported a 28% growth in fourth-quarter earnings, aided by an increase in revenues. The results also topped Wall Street's prediction. At $11.2 billion, revenues
Shares of Southwest Airlines (NYSE: LUV) have gained 56% over the past 12 months and 22% since the beginning of this year. A key player in an industry that was
Lululemon Athletica (NASDAQ: LULU) had a very strong start to fiscal 2021. Apparently, the company is experiencing a stronger momentum in the year 2021, compared to 2019. The company surpassed