Starbucks Stock Falls as Sales Disappoint
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Shares of coffee shop owner  Starbucks Corp. SBUX.O fell more than 8 percent on Thursday,  a day after the company reported monthly same-store sales that  fell short of many analysts' expectations.
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US stocks fizzed downward yesterday after Coca-Cola Co. and other firms reported disappointing sales and earnings projections - giving Wall Street a case of indigestion amid concern that the days of fat corporate profits may be over.
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Lucent Technologies Inc.  on Wednesday posted lower quarterly earnings and disappointing sales despite improved demand for wireless network products, and the telecommunications gear maker's shares fell.
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Starbucks Corp. (SBUX.O: Quote, Profile, Research) on Tuesday said its chief executive, Orin Smith, will retire next year, surprising investors, who sent the coffee shop chain&#39;s shares lower in after-hours trading.
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U.S. blue chips slipped lower on  Monday as a disappointing sales forecast from Wal-Mart Stores  Inc. WMT.N dampened sentiment toward retailers, although  pharmaceuticals benefited as investors changed their focus to  less volatile stocks.
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Starbucks Corp. SBUX.O on  Wednesday reported a 31 percent increase in quarterly net   income and raised its earnings forecast for the year on strong  sales of holiday products like Christmas Blend coffee beans.
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Stocks fell, with the S&P briefly down 1 percent, on Friday as declines in defensive shares and talk of more trouble in the global financial sector offset strong earnings from companies, including Honeywell International Inc .
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Stocks fell on Wednesday after  quarterly earnings reports, including those from Motorola Inc.  MOT.N and Pfizer Inc. PFE.N, failed to impress investors.
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Starbucks ratcheted down the number of new stores it plans to open this year and said it would close some U.S. locations as it reported a 2% rise in fiscal first-quarter earnings Wednesday.
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The decision came as Starbucks reported anemic sales growth of 1 percent at stores open at least a year, the worst three-month performance in the companyâs history.
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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.
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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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A disappointing sales forecast from Wal-Mart sent stocks mostly lower yesterday as investors worried that oil prices, which stabilized after last week&#39;s highs, would curb
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Stocks fell on Friday, pressured by  declines in the drug and semiconductor sectors and  by  slower-than-expected U.S. jobs growth in September.
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With the stock plummeting and competitors on the attack, Starbucks Coffee said Monday that it was bringing back its top barista to help turn the company around.
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Starbucks will open fewer US stores as Americans hit by the economic slowdown cut back on expensive coffee.
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US stocks were set to fall sharply on Thursday after Cisco's downbeat outlook added to concerns about the outlook for corporate tech spending and Wal-Mart's January sales proved a big disappointment. Jobless claims meanwhile declined less than expected.