Starbucks -- earnings rise, share price drop

Starbucks recently announced a rise in earnings, but share prices dropped on the news. I guess they are doing well but not as well as investors expect from them.

Despite flat traffic in U.S. stores, Starbucks' aggressive global expansion helped second-quarter profit jump 18.5 percent, executives said.

In a separate announcement before the quarterly results were released Thursday, Starbucks and the Ethiopian government said they expect to complete a licensing, distribution and marketing deal with Ethiopia this month that would settle a dispute over trademarks for three coffees produced in the African nation.

Starbucks shares slipped 46 cents, or 1.45 percent, to $31.16 in early trading on Friday.