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Starbucks posts better-than-expected quarterly profits

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Starbucks Corp.'s earnings and revenue beat analysts' predictions for the company's fiscal first quarter.

The company produced $760.6 million in earnings, or 61 cents per share. Adjusted earnings per share were 75 cents, above the 65 cents analysts projected.

Revenue came to $6.6 billion, ahead of the $6.5 billion expected by analysts.

Read more from The Associated Press.

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