Starbucks Q3 Earnings: Revenue Beat, EPS Miss, Turnaround Efforts 'Ahead Of Schedule'

Starbucks Corp (NASDAQ:SBUX) reported third-quarter financial results after the market close on Tuesday. Here’s a look at the key details from the report.

SBUX stock is ticking upward now. See the chart here.

Q3 Earnings: Starbucks reported third-quarter revenue of $9.46 billion, beating analyst estimates of $9.29 billion. The coffee giant reported third-quarter adjusted earnings of 50 cents per share, missing analyst estimates of 65 cents per share, according to Benzinga Pro.

Consolidated net revenue was up 4% on a year-over-year basis. Global comparable store sales declined 2%, driven by a ...