Starbucks, the world’s largest coffee-shop chain, reported third-quarter profit that rose less than analysts estimated amid weak demand in Europe.

Net income advanced 19 percent to $333.1 million, or 43 cents a share, from $279.1 million, or 36 cents, a year earlier, the Seattle-based company said yesterday in a statement. Analysts projected 45 cents.

Chief Executive Officer Howard Schultz has sought to turn around the company’s European business recently with television advertisements and new drink recipes as governments impose austerity programs amid a flagging economy. Starbucks has about 740 cafes in the UK, its largest market in Europe.

Sales at stores open at least 13 months in Europe, the Middle East and Africa were unchanged in the quarter, Starbucks said.

The company lowered its forecast for fourth-quarter profit to as much as 45 cents a share from a previous projection for as much as 47 cents. Analysts had estimated 48 cents.

Starbucks fell sharply in after-hours trading, down $5.18, or 9.9 percent.