Starbucks Runs Hot; Facebook Keeps Accelerating
Starbucks (NASDAQ: SBUX) came through with strong sales growth in the U.S. and abroad, but its shares didn't move much. Apparently, the markets took rising sales of its newer cold beverages for granted and were unsurprised that competition from caffeinated upstart Luckin Coffee (NASDAQ: LK) isn't hindering Starbucks' expansion in China. But if you think the coffee leader's results were impressive, check out Facebook (NASDAQ: FB). Despite the various reputational headaches it's facing, it produced record revenue and an earnings beat. In this segment of the Nov. 1 Motley Fool Money podcast, host Chris Hill and Motley Fool senior analysts Jason Moser, Andy Cross, and Ron Gross pull out the key points for investors from both companies' Q3 updates.
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Source Fool.com
