Starbucks (NASDAQ:SBUX) shares were up today in anticipation of its earnings report, and have continued to climb, up 2.03% in after-hours trading following the coffee retailer’s announcement that profit rose to $279 million, or 36 cents a share, from $208 million during the same time last year, and increase of 34%. Sales also increased, from $2.6 billion to $2.9 billion, and same-store sales increased 8%. This afternoon’s report beat analysts’ expectations of a 34-cent EPS and same-store sales of 5.4%. All this comes on a day when coffee companies such as Green Mountain Coffee Roasters (NASDAQ:GMCR), Dunkin’ Brands Group (NASDAQ:DNKN), Peet’s Coffee and Tea (NASDAQ:PEET), and Caribou Coffee Company (NASDAQ:CBOU) Were Tweaking Higher.
Motorola Mobility Holdings (NYSE:MMI) shares are plummeting after hours, down 7.11% so far, following reports of second quarter losses. However, Motorola’s earnings report beat Wall Street’s expectations, with sales of smartphones and tablets improving. The company reported a net loss of $56 million compared to a net income of $80 million during the same time last year, but revenue rose 28% to $3.3 billion. The company’s third-quarter projections are what have its stock trading down this afternoon, with expectations ranging between break-even and 10 cents a share, well below the 25 cents a share predicted by analysts.
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Expedia (NASDAQ:EXPE) are up 7.45% during after-hours trading following reports of a second-quarter profit of $140.4 million, or 50 cents a share, up from $114.3 million during the same period last year. Revenue also increased, from $834 to $1.02 billion. Adjusted income beat analysts’ expectations, coming in at 55 cents a share instead of 49 cents a share.
Shares of Teavana (NYSE:TEA) climbed 63.53% during its first day of public trading, continuing to trade heavily after the closing bell. The tea retailer prices its initial public offering of 7.1 million shares at $17 a share, and is currently trading at $27.80 a share. The company operates 161 stores across 35 states and has 19 franchised shops, most of which are located in Mexico. Teavana plans to open another 50 stores this year.