SEATTLE (AP) _ Starbucks Corp. (SBUX) on Tuesday reported fiscal second-quarter profit of $659.4 million.

On a per-share basis, the Seattle-based company said it had profit of 56 cents. Earnings, adjusted for one-time gains and costs, were 62 cents per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The coffee chain posted revenue of $6.67 billion in the period, which fell short of Street forecasts. Ten analysts surveyed by Zacks expected $6.8 billion.

Starbucks expects full-year earnings in the range of $2.90 to $3 per share, with revenue in the range of $28.5 billion to $29.3 billion.

Starbucks shares have climbed roughly 9% since the beginning of the year, while the S&P's 500 index has increased 11%. In the final minutes of trading on Tuesday, shares hit $116.15, a climb of 49% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News