<< Read Full Article
<< Read Full Article
Starbucks (SBUX Quote) was among the biggest postclose decliners Thursday, after the coffee giant issued a soft outlook for the coming fiscal year.
The Seattle-based outfit projects a first-quarter profit of 28 cents a share, or 3 cents under Thomson Financial's analyst estimates. It pegs fiscal 2008 earnings between $1.02 and $1.05 a share, which leans to the lower end of consensus.
Starbucks also posted a soaring fourth-quarter profit of $158.5 million, or 21 cents a share, that's flush with Wall Street expectations. Revenue was above par. Still, shares were losing 8.1% to $22.15. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
Oil *
72.08
|
|
DOWN
49.05
|
DOWN
6.18
|
DOWN
11.05
|
UP
0.57
|
10 Yr
3.60%
SPDR Gold
110.21
|
|
-0.47%
|
-0.55%
|
-0.50%
|
+1.61%
|
Data delayed 20 minutes |
Connect with TheStreet