WHAT'S BREWING: Starbucks Corp. said net income rose 19 percent in its fiscal third quarter, but the results fell short of Wall Street estimates and the company's shares dropped 10 percent in after-hours trading.
GROUND DOWN: The Seattle-based company cut its outlook for the current quarter, citing a recent slowdown in U.S. customer traffic amid a challenging economic environment. Starbucks is also struggling to turnaround its business in parts of Europe, where growth was flat.
CAFFEINE RUSH: Global revenue at cafes open at least a year rose 6 percent in the quarter, with a 12 percent increase in China and Asia and a 7 percent increase in the Americas driving growth.
Source: http://news.yahoo.com/news-summary-starbucks-cuts-outlook-amid-slowdown-225031208--finance.html
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