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Liveblogging Starbucks Q3 earnings call

As we noted earlier, Starbucks Corp. (NASDAQ: SBUX) put up solid Q3 earnings this afternoon following the market close. The company matched analyst estimates with 21 cents per share, and boasted a 20% jump in net revenues.

The stock has moved strongly higher in after hours trading today. The stock is now trading up X% as investors react to this afternoons news. We are going to be covering this afternoon's call in its entirety, so be sure to refresh your page frequently to make sure you catch all the action of the call.

4:50 pm - tuned into the call and waiting for the action to get started. We should be under way here in about 10 minutes. SBUX is currently trading up 3.1% after hours, and about 15 minutes ago when I was watching the post market trading I saw it get up 6.0% higher at one point.

4:55 pm
- About 5 more minutes to go before the call gets started. Tuned in now, listening to a little easy listening music and waiting... shouldn't be too much longer.

5:00 pm - Call getting under way now. Currently just going over the SEC regulations now

5:01 pm - CEO Jim Donald getting started now: Very pleased with this current quarter, and believes fundamentals still strong and looking forward

5:03 pm - opened 668 new stores in the quarter to take the total to 14,396 locations worldwide. Still see substantial oppurtunities for growth internationally

Continue reading Liveblogging Starbucks Q3 earnings call

Symbol Lookup
IndexesChangePrice
DJIA-215.458,376.24
NASDAQ-46.821,445.56
S&P 500-25.52845.22

Last updated: December 04, 2008: 11:58 PM

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