Starbucks Q2 Profit Up - Quick Facts

(RTTNews) - Starbucks Corporation (SBUX) Thursday reported second-quarter profit of $427.0 million or $0.56 per share, up from $390.4 million or $0.51 per share in the same period last year.

On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 9.1 percent to $3.87 billion from $3.55 billion last year. Analysts expected revenues of $3.95 billion.

Looking ahead, the company currently projects full-year 2014 earnings in the order of $2.62 to $2.68 per share, with third-quarter earnings ranging between $0.64 and $0.66 per share.

Analysts currently expect the company to report third-quarter earnings of $0.66 per share and full-year earnings of $2.66 per share.