Revenues of $7.1 billion in line $7.1 billion estimate

  • Starbucks earnings-per-share $0.79 versus $0.76 estimate
  • revenues $7.1 billion in line with the $7.1 billion estimate
  • Starbucks fiscal year 2020 guidance is unchanged excluding coronavirus impact
  • Starbucks close over half of their stores in China over the virus.
  • Store closes are expected to be temporary but to materially affect results
  • Starbucks shares are trading above and below unchanged in up and down trading.

In other earnings news, Stryker reported earnings as well:

  • EPS $2.49 versus estimate of $2.45
  • net sales $4.1 billion versus estimate of $4.11 billion
  • Stryker sees 2020 organic revenues of +6.5% to 7.5%
  • 1st quarter estimated adjusted earnings-per-share $2.05 to 2000 $0.10 versus estimates of $2.05
  • Stryker sees 2020 adjusted earnings-per-share of $9-$9 and $0.20 versus estimate of $9.04