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During 2Q16, $CLC's net sales in Engine/Mobile fell $7MM or 4% from 2Q15 due to $6MM decline in fuel filtration sales into the ag and construction equipment markets. Net sales in the Industrial/Environmental segment fell $8MM or 4% from 2Q15, including a $13MM or 19% reduction in natural gas filtration sales.
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.