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Starbucks 2Q Profit Tops Street Forecast

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  • Description

    FBN's Lori Rothman breaks down late-morning market news.

  • Duration 0:54
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I'm Lori Rothman with -- Fox Business -- the US economy grew at a slower than expected pace during the first three months of the year.

The preliminary reading for first quarter gross domestic product GDP came in at an annual pace at 2.2 percent.

Shares of Starbucks under pressure despite a perk to its first quarter profit coffee -- giant saw strong same store sales results in the Americas and Asia Pacific region.

But did see a slowdown in Europe moving public Starbucks raised its earnings forecast for the full year hot -- -- bullish outlook for 2012 the automaker expects.

It's operating profit nearly triple from last year on surging sales in Asia and -- recovery in the US.

Big contrast to 2011 when a stronger again natural disasters to the -- on the auto -- And that is the latest in the Fox Business Network giving you the power to prosper.

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