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Starbucks lags market calls on Q1 profit

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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.

    Starbucks

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