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Apparel retailer $SMRT reported a rise in 1Q16 earnings as it maintained its gross profit rate and controlling expenses on slightly higher total sales driven by its new stores. Net income rose to $13.73MM or $0.30 per share from $13.56MM or $0.29 per share last year. Net sales grew to $355.71MM from $353.52MM. Comparable store sales fell 3.4%.
$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.