SEATTLE (AP) _ Starbucks Corp. (SBUX) on Tuesday reported fiscal first-quarter net income of $622.2 million.

On a per-share basis, the Seattle-based company said it had profit of 53 cents. Earnings, adjusted for non-recurring costs, were 61 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The coffee chain posted revenue of $6.75 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $6.87 billion.

For the current quarter ending in April, Starbucks expects its per-share earnings to range from 45 cents to 50 cents.

The company expects full-year earnings in the range of $2.70 to $2.90 per share.

Starbucks shares have declined 2% since the beginning of the year, while the Standard & Poor's 500 index has risen 2.5%. In the final minutes of trading on Tuesday, shares hit $104.69, an increase of 18% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBUX at https://www.zacks.com/ap/SBUX

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