Starbucks posts mixed Q3 results, same-stores sales disappoint

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Starbucks (SBUX) reported mixed fiscal third quarter results. Adjusted earnings of $0.93 per share just topped the $0.92 estimate. However, net revenue of $9.11 billion fell short of the estimated $9.2 billion.

Comparable sales was also a miss, down 3% versus an estimate of down 2.71%. China continues to be a drag on the company, with China sales down 14%. The Street had been expecting down 10.6%.

Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the coffee giant's results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.

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