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Benzinga
Benzinga
Business
Adam Eckert

Why Starbucks Shares Are Sliding Today

Starbucks SBUX Starbucks Corp

Starbucks Corp (NASDAQ:SBUX) is trading lower Wednesday morning after the company announced worse-than-expected fiscal first-quarter earnings results.

Starbucks reported quarterly earnings of 72 cents per share, which came in below the estimate of 80 cents. The company reported quarterly revenue of $8.1 billion, which beat the estimate of $7.97 billion.

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