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$BKS' plans to reduce SG&A include increasing productivity, streamlining back office operations and eliminating non-productive spends. The company expects SG&A rate pressures to continue in 1H17 on softer sales and upfront investments. As $BKS executes these plans, savings are expected to be realized in 2H17 and annualized thereafter.
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.