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Operator of membership warehouses $COST said that 3Q16 reported GM was higher by 34 BP, which included a $19MM benefit from non-recurring legal settlements. This represented 7 BP of margin improvement or about $0.03 a share. The company said that it expects to have the new co-brand Visa cards for its members by the end of May, early June.
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.