Starbucks Slips Despite Strong 3Q -- Market Talk
DOW JONES & COMPANY, INC. 9:52 AM ET 07/25/14
Symbol Last Price Change
SBUX 78.77 -1.68 (-2.09%)
QUOTES AS OF 09:52:32 AM ET 07/25/2014
9:52 EDT - Starbucks(SBUX) delivered a better-than-expected F3Q, but shares have trailed the broader market as investors haven't loved the guidance. "3Q delivered against high expectations...although not more--relevant in the context of a stock within a whisker of an all-time high," notes Morgan Stanley. It adds the coming FY will have some burdens amid commodity costs and stepped-up investments in digital. Shares fall 2.1% to $78.78. (anna.prior@wsj.com, @ aprior)
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07-25-140952ET
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