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$COH expects FY17 revenue to increase by low-to-mid single digits, including a foreign currency benefit of about 100-150 BPs. Company expects operating margin to be 18.5-19.0%. Interest expense is expected to be about $25MM while tax rate is projected at about 28%. Company expects double-digit growth in both net income and diluted EPS.
$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.