U.S. Stock Market Update | Third-quarter earnings in line with expectations, Starbucks up more than 4%

Zhitong
2024.07.31 14:46
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American coffee chain giant Starbucks released its financial data for the third quarter, with a 1% year-on-year decrease in net sales, below market expectations. However, earnings per share met expectations, leading to a more than 4% increase in stock price. Analysts from Morgan Stanley and Evercore gave the stock a buy rating and maintained their target price