Breakdown of the latest developments on the global exchanges
Apr 29, 2019, 12:00 PM GMT

The Aftermath of Starbuck’s Earnings Report

The company reported EPS of 0.6 cents and thus beating on the initial forecasts for 0.56. The + 7.14% market surprise in the earnings performance managed to blast the share price of the company to a new all-time high level of 77.45.

The revenue of the company also beats the market expectations of $6.25 billion 0.6 billion to total $6.31 billion. For that reason, during Friday’s trading session the price initially fell to as low as 75.06, but then it quickly found support to close the trading session with a new record.