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Starbucks earnings: Company posts its first global sales increase in nearly 2 years

Starbucks (SBUX) reported quarterly results on Wednesday that showed profits missed forecasts and US sales remain lackluster, but the company's first positive quarter of global same-store sales in nearly two years pushed shares higher following the numbers. In its fiscal fourth quarter ended Sept. 28, Starbucks reported adjusted earnings per share of 0.52,missingforecastsforEPSof0.52, missing forecasts for EPS of 0.55. Revenue came in ahead of estimates, tallying 9.6billionagainstexpectationsfor9.6 billion against expectations for 9.34 billion, according to Blo ...