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$ARG 1Q16 PR: ARG reported net sales of $1,349.71MM vs. $1,313.59MM in 1Q15 and net income of $88.24MM vs. $88.85MM in 1Q15. Operating Income was $152.58MM vs. $155.08MM in 1Q15. Organic sales were up 2% vs. 1Q15. Operating margin was 11.3%, down 50BP vs. 1Q15. Company had cash of $72.21MM at 1Q16-end vs. $77.31MM at 1Q15-end.
$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.