Starbucks reports earnings in line with expectations

Starbucks reported fiscal fourth-quarter earnings after the closing bell on Thursday, right in line with expectations.

The company reported adjusted earnings per share of $US0.43. Net revenues totaled $US4.91 billion, versus the estimate for $US4.90 according to Bloomberg.

The stock fell by as much as 3.6% in after-hours trading.

More to come …

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