NEW YORK (TheStreet) --Starbucks Corp.
(SBUX - Get Report) reported a 22% increase in earnings per share for the 2014 third quarter to 67 cents, versus the 55 cents reported for the same period last year.
The coffee house said consolidated revenue for the most recent quarter grew 11% to $4.2 billion, from $3.7 billion from the 2013 third quarter.
Shares of Starbucks are lower by -0.06% to $80.40 in after-hours trading today.
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Separately, TheStreet Ratings team rates STARBUCKS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate STARBUCKS CORP (SBUX) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
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