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Starbucks Is a Buy Hours Ahead of Earnings: Chart

Specialty coffee retailer Starbucks Corporation (SBUX) is due to release earnings Thursday after the market close. Wall Street analysts, on average, expect Starbucks to report revenue of $5.75 billion on earnings of 55 cents per share.

Investors are already bidding up shares of Starbucks ahead of the quarter, after the company announced it would buy the remaining 50% share of its East China business from joint venture partners for around $1.3 billion...