$SBUX Ups Guidance and Raises Dividend

“After the earnings announcement, the company’s shares [SBUX  46.6197    0.7197 (+1.57%)   ] rose more than 6 percent in trading after the closing bell. (Click here to get the latest quotes for Starbucks.)

The world’s biggest coffee chain’s net income was $359 million, or 46 cents per share, for the fiscal fourth-quarter ended Sept. 30, slightly up from $358.5 million, or 47 cents per share a year earlier.

Excluding gains that included the sale of corporate real estate, the company posted fiscal fourth-quarter earnings of 46 cents per share, up from 37 cents a share in the year-earlier period.

Revenue increased 11 percent to $3.36 billion from $3.03 billion a year ago.

Analysts had expected the company to report earnings excluding items of 45 cents a share on $3.38 billion in revenue, according to a consensus estimate from Thomson Reuters.”

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