RBC Capital Remains Bullish on Starbucks Coffee (SBUX) Following In-Line 2Q Results

Jefferies Remains Bullish on Starbucks Coffee (SBUX) Following 2Q

April 22, 2016 8:17 AM EDT

Jefferies reiterated a Buy rating and $70.00 price target on Starbucks Coffee (NASDAQ: SBUX) following the company's 2Q earnings report. Results were reported in-line with consensus estimates at $0.39 EPS and $5B in revenue.

Analyst Andy Barish commented, "SBUX continues to demonstrate solid, predictable... More

Starbucks (SBUX) Remains Top Pick - Piper Jaffray

April 22, 2016 6:54 AM EDT

Piper Jaffray analyst, Nicole Miller Regan, reiterated her Overweight rating and $72 PT as Starbucks (NASDAQ: SBUX) reported fiscal 2Q16 results driven by a global comp of +6.0% (2.0% transaction growth). Her investment thesis is based on proven global brand equity and an accelerating asset-light growth... More

After-Hours Stock Movers 04/21: (AMD) (HBI) (SHLD) Higher; (SAM) (GOOGL) (MSFT) (V) (SBUX) Lower (more...)

April 21, 2016 6:00 PM EDT

Today's after-hours stock movers:

Advanced Micro Devices (NASDAQ: AMD) 24% HIGHER; reported Q1 EPS of ($0.12), $0.01 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $832 million versus the consensus estimate of $818.16 million. For Q2 2016, AMD expects revenue to increase 15 percent, plus or minus 3 percent, sequentially.

Lakeland Industries (NASDAQ: LAKE) 15.6% LOWER; reported Q4 EPS of ($0.01), $0.16 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $20.5 million versus the consensus estimate of $22.65... More

UPDATE: Starbucks Coffee (SBUX) Reports In-Line Q2 EPS, Comps Increase 6%

April 21, 2016 4:06 PM EDT

(Updated - April 21, 2016 4:10 PM EDT)

Starbucks Coffee (NASDAQ: SBUX) reported Q2 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $5 billion versus the consensus estimate of $5.03... More

South Africa's first Starbucks opens to long queues

April 21, 2016 6:44 AM EDT

JOHANNESBURG (Reuters) - Scores of Johannesburg's caffeine crowd lined up in the shopping hub of Rosebank on Thursday to buy a first cup of Starbucks coffee in sub-Saharan Africa.

Not to worry, though, rooibos, the local bush tea favorite, also features on the menu.

Starbucks (NASDAQ: SBUX), brought in under license by South Africa's Taste Holdings , is the latest U.S. chain to court brand-conscious consumers in South... More

Trading Radar for 4/21: Microsoft (MSFT), GM (GM), Verizon (VZ), Visa (V), Blackstone (BX), Under Armour (UA) Report

April 20, 2016 2:13 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 263kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees 9.9

9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

AZZ, Inc. (NYSE: AZZ) - consensus EPS $0.67
Alaska Air Group (NYSE: ALK) - consensus EPS $1.42
Alliance Data Systems (NYSE:... More