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SEATTLE (AP) — SEATTLE (AP) — Starbucks Corp. (SBUX) on Tuesday reported fiscal second-quarter net income of $384.2 million.
On a per-share basis, the Seattle-based company said it had profit of 34 cents. Earnings, adjusted for restructuring costs, were 41 cents per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The coffee chain posted revenue of $8.76 billion in the period, which also missed Street forecasts. Ten analysts surveyed by Zacks expected $8.79 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBUX at https://www.zacks.com/ap/SBUX