SBUX Beat Sales & EL Suffers Selloff After Miss

Starbucks (SBUX) earnings were released, yesterday, May 2nd, postmarket. Caroline Woods discusses this as its adjusted EPS came in at $0.74 versus an estimated $0.64 and its revenue came in at $8.72B versus an estimated $8.40B. She talks about how SBUX's 2Q global same-store sales up 11%, 2Q China same-store sales up 3%, and 2Q North American same-store sales up 12%. JPMorgan, Barclays, and Wells Fargo have a overweight rating on SBUX, while Evercore ISI has an outperform rating. She also talks about how Estee Lauder (EL) earnings were released today, May 3rd, premarket. Its adjusted EPS came in at $0.47 versus an estimated $0.49 and its revenue came in at $3.75B versus an estimated $3.72B. Tune in to find out more about the stock market today.