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Starbucks (SBUX Quote) posted a 6% rise in June same-store sales but failed to meet Wall Street's lofty expectations, sending shares down in late trading.
Analysts polled by Thomson First Call reportedly expected a 7% rise in June comps. Starbucks' own forecast calls for monthly same-store sales growth of 3% to 7%.
The coffee retailing giant reported total June revenue of $751 million, up 22% from $618 million a year earlier. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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