Starbucks Results Leave A Bitter After Taste – Put Options Preferred
Jul, 22nd 11:49
Starbucks Corporation announced the earnings results after the market close on Thursday (21/7). Company reported revenue of $5.24 billion for the quarter, missing analysts’ expectations of $5.33 billion. This is due to slower than expected growth in same store sales. The Company posted same store sales growth of 4%, compared with the forecast figure of 6%. The last quarter had witnessed a robust 7% growth. Additionally, earnings per share came in at $0.49, matching analysts’ expectations of $0.49. On the hourly chart, ADX (14) fell to the level of 40.0277, indicating that the bullish trend is becoming weaker.
Buy Digital Put Options from 57.55 to 57.64 valid until 20:00 July 21, 2016
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