Starbucks Beats On Earnings, but Still Sees Sixth Straight Quarter of Sales Declines

Starbucks has been seeking to give to its sagging stock what it hands to customers worldwide across the world every day: a refreshing, caffeinated ‘pick me up.’ Fortunately, its efforts seem to be making headway. Unfortunately, that espresso might take some time to kick in.

Starbucks is up 4% after the market close after beating on top- and bottom-lines. Here are the results for the quarter:

  • Revenue: $9.5 billion
  • Earnings per share (EPS): 50 cents adjusted

This report is breaking news. More details will be posted shortly.