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00:02Starbucks raised its full-year outlook after reporting fourth-quarter same-store sales growth
00:07and quarterly results that beat Wall Street expectations, according to CNBC.
00:11Adjusted earnings came in at $0.85 per share, beating expectations of $0.66,
00:16while revenue totaled $9.32 billion, above the $9.16 billion forecast.
00:22The company now expects full-year adjusted earnings per share of $2.55 to $2.65
00:28and raised its outlook for global and U.S. same-store sales growth.
00:33Starbucks CEO Brian Nickel said the company's turnaround momentum became clearly measurable during the quarter.
00:39Shares rose as much as 9% in extended trading after the results.
00:44For all things money, visit Benzinga.com.
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