In the wake of Starbucks Corp.?s worries about rising coffee prices in the future, at least one analyst in Seattle is downgrading the company?s shares. The Seattle coffee company (NASDAQ: SBUX) Wednesday reported first-quarter net earnings of 45 cents per share and revenues of $2.95 billion. Those numbers were above analysts? expectations of earnings of 39 cents per share and revenues of $2.93 billion. But Starbucks added that higher coffee prices will have an unfavorable impact of about 20 cents per share on fiscal 2011 earnings per...
Source: http://feeds.bizjournals.com/~r/bizj_seattle/~3/Xk7jIskrPuA/analyst-downgrades-starbucks.html
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