Starbucks Corp. Q4 Profit Decreases, Misses Estimates

(RTTNews) - Starbucks Corp. (SBUX) revealed earnings for fourth quarter that Decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $133.1 million, or $0.12 per share. This compares with $909.3 million, or $0.80 per share, last year.

Excluding items, Starbucks Corp. reported adjusted earnings of $0.52 per share for the period.

Analysts on average had expected the company to earn $0.55 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.5% to $9.569 billion from $9.074 billion last year.

Starbucks Corp. earnings at a glance (GAAP) :

-Earnings: $133.1 Mln. vs. $909.3 Mln. last year. -EPS: $0.12 vs. $0.80 last year. -Revenue: $9.569 Bln vs. $9.074 Bln last year.