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$FRAN now expects FY16 EPS of $0.96-1.03, which includes a $0.03 per share benefit associated with the resignation of its Chairman, President and CEO. The number of average diluted shares assumed in guidance is 38.6MM shares. The effective tax rate is estimated to be 37.8%. Capital expenditures are expected to $28-31MM.
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.