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$GIS's total segment operating profit totaled $839MM, up 2% YoverY on a constant currency basis. In 2Q16, pound volume reduced sales by 3 percentage points. YTD sales were flat to the previous year with growth in cereal and snacks. In the International segment net sales rose 3% overall, driven by Latin America, Mexico and Argentina.
$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.