Starbucks Corp. Q3 Earnings Rise 9%

(RTTNews) - Starbucks Corp. (SBUX) released a profit for its third quarter that rose from last year.

The company said its bottom line rose to $1.04 billion, or $0.49 per share. This was higher than $0.95 billion, or $0.42 per share, in last year's third quarter.

Analysts had expected the company to earn $0.49 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.4% to $5.24 billion. This was up from $4.88 billion last year.

Starbucks Corp. earnings at a glance:

-Earnings (Q3): $1.04 Bln. vs. $0.95 Bln. last year. -Earnings Growth (Y-o-Y): 9.5% -EPS (Q3): $0.49 vs. $0.42 last year. -EPS Growth (Y-o-Y): 16.7% -Analysts Estimate: $0.49 -Revenue (Q3): $5.24 Bln vs. $4.88 Bln last year. -Revenue Change (Y-o-Y): 7.4%

-Guidance: Next quarter EPS guidance: $0.54 - $0.55 Full year EPS guidance: $1.88 - $1.89