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Starbucks Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Starbucks Corporation (NASDAQ:SBUX) will release its third quarter financial results, after the closing bell on Tuesday, July 30.
Analysts expect the Seattle, Washington-based company to report quarterly earnings at 93 cents per share, down from $1 per share in the year-ago period. Starbucks expects to post revenue of $9.24 billion, according to data from Benzinga Pro.
According to a recent WSJ report, Elliott Investment Management has taken a significant stake in the coffee giant.
Starbucks shares gained 1.5% to close at $75.14 on Monday.
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