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$MHK said that FX impacted earnings negatively by $3MM. 1Q16 interest expense of $12MM improved due to lower rate after the $254MM 2016 bonds were rolled into the commercial paper program. The company expects its full-year 2016 interest to be in the range of $45-47MM. Other expense of $4MM rose over 1Q15 due to FX transactional adjustments.
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.