STARBUCKS CORP (SBUX) 21.41 -$0.12 (-0.56%) 09:19PM (15 mins delay)

Starbucks Shares Perk Up

Nov 06, 2009 - 11:38 AM EST

After the bell last night, Starbucks (SBUX) posted strong fourth quarter and fiscal 2009 results. Non-GAAP earnings per share increased to $0.24, a 140% increase from $0.10 in the prior year period, beating analyst estimates. The company's comparable store sales trends improved in the US and international segments on both sequential quarter and year-over-year basis. Starbucks also improved their fiscal year 2010 earnings outlook based on improving same store sales trends and the increasing impact of its cost savings efforts. In morning trading, Starbucks shares are up about 4%. For MarketNewsVideo.com, I'm Sayoko Murase.

Source: Market News Video (Nov 06, 2009 - 11:38 AM EST)