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$KSS 2Q15 Call: Higher IT amortization was the primary reason for $11MM increase in depreciation expense for the quarter. Interest expense was $84MM for quarter, essentially flat to last year. We incurred a loss on extinguishment of debt, which represents the premium paid to bond holders related to $767MM cash tender offer completed this quarter.
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.