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$FLR's 2Q16 tax rate was about 34%. For 2H of 2016, company expects tax rate to be 33-35%. Corporate G&A expense was $53MM versus $48MM in 2Q15, largely due to Stork integration costs. In 2Q16, $FLR incurred $16MM in restructuring costs at corporate G&A level, including Stork, and another $7MM of restructuring expense at segment level.
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.