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• SBUX 93% Rate It

Coffee retailer Starbucks Corporation ( SBUX ) late Thursday posted better-than-expected fiscal second quarter earnings results, but its full-year outlook still fell short of Wall Street's view.

The Seattle-based company reported fiscal second quarter net income of $309.9 million, or 40 cents per share, compared with $261.6 million, or 34 cents per share, in the year-ago period.

Revenue jumped 15% from last year to $3.2 billion.

On average, Wall Street analysts expected a smaller profit of 39 cents per share, on lower revenue of $3.18 billion.

Looking ahead, SBUX lifted its full-year earnings outlook to a range of $1.81 to $1.84 per share, up from a prior forecast of $1.78 to $1.82. Analysts currently expect a still-higher $1.86 per share for the year.

Starbucks shares closed up $1.16, or +2%, in Thursday trading, but the stock was indicated significantly lower aftermarket action.

The Bottom Line
Shares of Starbucks ( SBUX ) have a 1.12% dividend yield, based on today's closing stock price of $60.66. The stock has technical support in the $55-$56 price area. The shares are trading at all-time highs.

Starbucks Corporation ( SBUX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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