Starbucks Corporation will release earnings results for its fourth quarter, after the closing bell on Wednesday, Oct. 30.
Analysts expect the Seattle, Washington-based bank to report quarterly earnings at $1.03 per share, down from $1.06 per share in the year-ago period. Starbucks projects to report revenue of $9.37 billion for the recent quarter, compared to $9.37 billion a year earlier, according to data from Benzinga Pro.
Starbucks recently reported preliminary financial results for the fourth quarter showing that it expects consolidated net revenues to decline 3% and global comparable sales to fall 7%. Starbucks also said it anticipates earnings of 80 cents per share, down 25% year-over-year.
Starbucks shares fell 0.6% to close at $97.39 on Tuesday.
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