Starbucks (SBUX -0.8%) slips a little after guiding at a William Blair conference (presentation...

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX -0.8%) slips a little after guiding at a William Blair conference (presentation - PDF) for FQ3 (June quarter) EPS of $0.44-$0.45 and FY12 EPS of $1.80-$1.82, below Street estimates of $0.45 and $1.85. Starbucks adds it continues to be affected by Europe's troubles and expects high coffee costs to weigh on 2H results, but expects to receive a tailwind from declining prices in FY13. The company's FY12 Asia-Pac op. margin is expected to be a whopping 30%-35%.