Starbucks (SBUX) Offers Conservative Q3, Q4 EPS Guidance; Shares Tick Lower

June 12, 2012 12:41 PM EDT
Starbucks (Nasdaq: SBUX) shares moving lower as the company's CFO Troy Alstead just gave some guidance at the William Blair Growth Stock Conference.

Alstead said the company is looking for Q3 EPS of 44-45 cents and Q4 EPS of 46-47 cents. The Street is currently expecting Q3 EPS of 46 cents and Q4 EPS of 49 cents. The exec attributed the lower figures to the Bay Bread purchase.

The stock is down 0.02 percent to $52.88 at last check.

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