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Operator of chain of discount stores $FIVE posted higher earnings in 2Q16 due to continued strength in new store performance and positive comp growth accompanied by operating margin expansion. Net income was $9.8MM or $0.18 per diluted share vs. $7.06MM or $0.13 per diluted share in 2Q15. Net sales rose 20.8% to $220.1MM vs. 2Q15.
$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.