Starbucks (SBUX) Tops Q3 View By 5c; Guides Higher

Starbucks (Nasdaq: SBUX) reports Q3 EPS of $0.24, 5 cents better than the analyst estimate of $0.19. Revenue for the quarter was $2.4 billion, versus the consensus of $2.38 billion.

Comp sales down 5%, which is a sequential improvement from an 8% decline from Q2.

Sees FY09 non-gaap EPS 74c to 75c versus consensus of 70 cents.

Sees FY10 non-gaap EPS up 13% to 18%.

UPDATE: Click here to see some highlights from the company's Q3 conference call.

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