5 Stocks Drawing Attention After Posting Their Financial Results

In this article, we discuss the 5 stocks drawing attention after posting their financial results. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Drawing Attention After Posting Their Financial Results.

5. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 53

Shares of Starbucks Corporation (NASDAQ:SBUX) rose over six percent in the after-hours trading session on Tuesday, May 3, 2022, after its fiscal second-quarter profit matched expectations.

Starbucks Corporation (NASDAQ:SBUX) reported adjusted earnings of 59 cents per share, down from 61 cents per share in the same period last year. Revenue came in at $7.64 billion, up 15 percent on a year-over-year basis. Analysts were looking for earnings of 59 cents per share on revenue of $7.6 billion.

Among other updates, Starbucks Corporation (NASDAQ:SBUX) reported that it added 313 new stores in the quarter, bringing the total count to 34,630. Overall, stores in the United States and China account for 61 percent of the total portfolio.

Discussing the results, CEO Howard Schultz said:

“Given record demand and changes in customer behavior we are accelerating our store growth plans, primarily adding high-returning drive-thrus, and accelerating renovation programs so we can better meet demand and serve our customers where they are.”