Want to join the conversation?
Maker of connectivity and sensor solutions $TEL posted 1Q16 net income of $353MM or $0.91 per diluted share vs. $472MM and $1.14 per diluted share in 1Q15. Earnings fell 25% due to the US dollar impacting revenue and weakness in industrial markets along with soft demand in China. The company's adjusted EPS was $0.84, down 6% vs. 1Q15.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.