Why Starbucks shares frothed higher despite earnings miss

Shares in coffeehouse colossus Starbucks (SBUX:NASDAQ) frothed up 5.5% to $101 despite Q1 earnings missing estimates. The firm extended its tasty year-to-date run even after turnaround-related costs and a margin hit. Instead, investors focused on the fact revenue beat forecasts and US sales rose for the first time in two years. This shows CEO Brian … Continue reading Why Starbucks shares frothed higher despite earnings miss