Starbucks stock slips after profit forecast misses Street estimates

(Reuters) - Starbucks Corp forecast current-quarter earnings below Wall Street estimates and reported slower growth in Asia than many had hoped, sending its shares down nearly 4 percent in extended trade despite a strong holiday performance. Investor expectations are usually high for the company after a more than 46 percent run-up in its stock in 2015, and Starbucks is betting heavily on China expansion despite some signs of cooling growth in the Asian market.