Starbucks Swings To Profit
July 22, 2009 at 14:27 PM EDT
Starbucks Corp. (Nasdaq: SBUX) swung to a better than expected third quarter profit of 20 cents per share compared with a loss of a penny per share in the year ago period as the company closed stores and cut costs. Shares of the coffee chain soared $2.59 to $17.28.
