Starbucks (SBUX) Q4 Shock: Stock Revenue Drops 3%
Starbucks (SBUX) stock reported poorer-than-expected preliminary fourth-quarter results, thereby showing a revenue decrease of 3% year over year to $9.1 billion and a drop of 24% in the adjusted earnings per share, now standing at $0.80. Investors’ swift response in the form of a more than 5% fall in premarket trading on Wednesday was caused...
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