Starbucks Posts Higher Profit

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Starbucks (SBUX ) posted third quarter earnings per share of 31 cents, vs. 24 cents, on a 21% consolidated revenue rise. The coffee chain sees 29 cents to 30 cents fourth quarter earnings per share. It sees $1.44 to $1.47 fiscal 2006 earnings per share (excluding option expense). S&P reiterates its hold recommendation.

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