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In 4Q16, unfavorable FX reduced $ACAT's net sales by approx. 2%. Contributing to the increased YoverY sales in 4Q16 were shipments to dealers of new early-year 2017 model ATVs and ROVs. Parts, garments and accessories sales were down 19.3% to $21.7MM. Gross profit was essentially flat versus 4Q15.
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.