Starbucks Corp. Bottom Line Retreats In Q1, But Beats Estimates

(RTTNews) - Starbucks Corp. (SBUX) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $780.8 million, or $0.69 per share. This compares with $1024.4 million, or $0.90 per share, last year.

Analysts on average had expected the company to earn $0.67 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.3% to $9.397 billion from $9.425 billion last year.

Starbucks Corp. earnings at a glance (GAAP) :

-Earnings: $780.8 Mln. vs. $1024.4 Mln. last year. -EPS: $0.69 vs. $0.90 last year. -Revenue: $9.397 Bln vs. $9.425 Bln last year.