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Starbucks lags market calls on Q1 profit
Published Sun, Nov 1, 2015 · 09:50 PM
Chicago
STARBUCKS Corp, the world's biggest coffee-shop chain, delivered a first-quarter forecast that missed analysts' estimates, hurt by mounting costs for labour and technology.
Earnings in the period will be 44-45 US cents a share, the Seattle-based company said on Thursday. Analysts estimated 47 US cents on average for the quarter, which ends in December.
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