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Starbucks sharply lower after earnings miss

By Charles Riley, CNN

Starbucks shares were sharply lower Friday in premarket trading after the coffee giant lowered its outlook and reported earnings that fell short of Wall Street's expectations.

The Seattle-based mega-chain said Thursday that it earned 43 cents per share for the quarter ended July 1, a number that fell two cents short of forecasts.
Revenue rose 13% to $3.3 billion, yet failed to match p ...

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