Starbucks is Down Nearly 10%
Starbucks (SBUX) had a good quarter by most standards, with plenty of growth, but the fact that the stock price was down almost 10% on Friday speaks differently. They missed their quarterly EPS target by a penny or two, and decreased the outlook for the next quarter by two pennies as well.
So is the company really worth $3.6 billion less today than it was yesterday morning? That’s the approximate amount shaved off the market cap on Friday.