CSL Limited: Earnings Beat Doesn t Mask Unfavorable Trial Results (Downgrade) (CSLLY) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The latest quarter report from the coffee giant Starbucks Corporation (NASDAQ: SBUX) was bitter. Moreover, after missing top and bottom-line estimates, Starbucks also lowered its full year revenue outlook. CEO Laxman Narasimhan spoke of a negative impact that misperceptions of McDonald’s positioning had on its business both in the Middle East and in the US. McDonalds Corporation (NYSE: MCD) also faced the same problem as the burger giant also reported its results were harmed by the Middle East c