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4. -- Starbucks Corp. (SBUX) shares were falling 3.8% in premarket trading on Friday after the coffee chain reported fiscal third-quarter earnings in line with expectations and revenue that came in slightly below forecasts and after it announced it would close all its Teavana stores.
Starbucks said it would close all 379 Teavana locations over the coming year, citing underperformance. In April, Starbucks said it was reviewing options for Teavana.
"We felt it was an appropriate time to take the decision and begin shutting down those stores," said Starbucks CEO Kevin Johnson.
Starbucks also said same-store sales in the quarter rose rose 4% globally, while U.S. same-store sales gained 5%.
The company also said it now expects revenue growth to fall to the lower end of its previous guidance of 8% to 10% for the year.
"We have grown tired of the company's inability to turn this battleship around in any sustained way, and we think that the company's weak performance could continue trending through next year," said Jim Cramer and the AAP team.
The Model 3 has a starting price of $35,000, half the cost of Tesla's previous models. It has a range of 215 miles.
Tesla shares fell 2.8% in premarket trading on Friday.
Updated with additional earnings information.
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