April 27, 2017 / 8:19 PM / in 6 months

Starbucks profit meets Wall Street view, shares fall

LOS ANGELES, April 27 (Reuters) - Starbucks Corp reported quarterly profit that matched Wall Street’s estimate on Thursday, sending shares of the chain that often tops expectations down 2.9 percent to $59.50 in after-hours trade.

Net income attributed to Starbucks was $652.8 million, or 45 cents per share, for the second quarter ended April 2, up from $575.1 million, or 39 cents per share, a year earlier. Results from the latest quarter matched the average estimate of analysts polled by Thomson Reuters I/B/E/S.

Reporting by Lisa Baertlein in Los Angeles; Editing by Matthew Lewis

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