Analysts polled by Thomson Reuters projected earnings of 59 cents a share on revenue of $3.36 billion. Analysts had been expecting earnings of 41 cents per share on $4.86 billion in revenue.
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In May, citing sources, Bloomberg reported that talks between the two were underway but were at an early stage and could stumble over price, which is expected to be in the $15 billion to $20 billion range. The company opened 431 net new stores during the quarter, bringing the total count to 22,519.
Starbucks also increased its guidance for the full year but maintained its fourth quarter guidance.
Cha-ching: Visa Visa beat estimates on both its top and bottom line during its fiscal third quarter, the credit card company said on Thursday. On a constant dollar basis for the three months ending on June 30, Visa also marked an 11% growth rate in payments volume.
Excluding an adjustment related to the fair value of a Visa Europe put option, the company earned 74 cents a Class A share.
Visa shares have gained 9.5 per cent this year through the close of regular trading, compared with the 10 per cent advance of MasterCard Inc., which reports results next week.
Visa shares were up about 6 percent at $76.05 in after-hours trading.
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Revenue rose to $3.52 billion from $3.16 billion. Growth was driven by solid service, data processing and worldwide transactions revenues, the company said.
