NEW YORK ( TheStreet) -- Shares of Starbucks ( SBUX) jumped in late trades on Thursday after the coffee purveyor beat Wall Street's profit view by a penny in its latest quarter, lifted its earnings outlook for 2013, and hiked its quarterly dividend by more than 20%. The Seattle-based company reported fiscal fourth-quarter earnings of $359 million, or 46 cents a share, on revenue of $3.36 billion for the three months ended Sept. 30. The average estimate of analysts polled by Thomson Reuters was for a profit of 45 cents a share on revenue of $3.38 billion in the quarter. For fiscal 2013, Starbucks lifted its forecast to earnings of $2.06 to $2.15 a share, surrounding the current consensus estimate of $2.13 a share. The company also declared a quarterly cash dividend of 21 cents a share, payable on Nov. 30 to shareholders of record on Nov. 10. That payout is a boost of 24% from its prior quarterly dividend of 17 cents a share. "Our Q4 and overall 2012 fiscal year performance demonstrates the strength of our business and brand," said Howard Schultz, the compay's chairman, president and CEO, in a press release. "The resiliency and relevance of our U.S. retail business, acceleration of the Channel Development business and expansion in Asia all contributed significantly to our strong results. I am incredibly proud of our 200,000 Starbucks partners around the world who have contributed to the success of the company and I am optimistic about achieving our aspirations for the future." Starbucks also revved up its expansion plans, setting a target to open about 1,300 stores on a net basis in fiscal 2013, which would constitute 22% growth over fiscal 2012. The company kept a target to open 600 new stores in the Americas, and accelerated its plans for the China/Asia Pacific region to 600 new stores with slightly more than half of those openings expected in China. The stock was last quoted at $49.70, up 6.6%, on volume of more than 1.4 million, according to Nasdaq.com. Priceline.com Shares of Priceline.com ( PCLN) were surging after the online travel reservation company reported a much better than anticipated quarterly profit. The Norwalk, Conn.-based company said it earned $638 million, or $12.40 a share, on a non-GAAP basis in the third quarter on revenue of $1.71 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of $11.81 a share on revenue of $1.65 billion in the quarter. Gross travel bookings totaled $7.8 billion for the three-month period, up 25.2% from last year.
"The Priceline Group delivered solid growth and operating results in the 3rd quarter as growth in the second half of the quarter in our key European market exceeded our forecast," said Jeffery Boyd, the company's president and CEO, in a statement. "Globally our hotel business grew room nights by 36% over the same period last year, compared to 39% growth in the second quarter. Our rental car business grew rental car days by 35% over last year, an acceleration from 29% in the second quarter, led by improving results at priceline.com and continued strong growth from rentalcars.com." For the fourth quarter, the company forecast earnings of $6.12 to $6.57 a share vs. the current consensus view for a profit of $6.34 a share. Shares were last quoted at $639, rising more than 9%, on volume of nearly 330,000, according to Nasdaq.com. Other stocks active in late trades included TripAdvisor ( TRIP), whose stock leapt more than 19% after the company blew past Wall Street's expectations for its third-quarter report; and LinkedIn ( LNKD), whose shares were up more than 7% after the professional networking site reported a third-quarter profit of 22 cents a share, doubling the average analysts' view. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron.