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Starbucks Reports In-Line Earnings, Raises Concerns over Coffee Prices

Starbucks reported earnings in-line with expectations of $0.56 cents a share, but missed on revenues of only $3.87 billion. Analysts were expecting $3.95 billion in revenues.
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Starbucks reported lack luster quarterly earnings on Thursday. The coffee chain reported earnings in-line with expectations of $0.56 cents a share and missed on revenues with only $3.87 billion. Analysts were expecting the company to report earnings of $0.56 cents a share on $3.95 billion in revenues. Key concerns for investors included the ability to grow the business in terms of store traffic and how much customers are spending on average per visit.