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$ZTS said the SKU reductions, including the changes made to the business models in Venezuela and India, are expected to decrease revenue growth by about 500BP for full-year 2016. $ZTS has increased FY16 revenue guidance range by $25MM. Adjusted COGS as a percent of revenue is expected to be approx. 33%.
$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.