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Restaurant operator, $DRI today reported its FY 1Q16 results. It recorded total sales of $1.69Bil, an increase of 5.7%. Gene Lee, CEO said, "Our brands performed well in 1Q16. We continue to make progress on our operating fundamentals of culinary innovation, attentive service and engaging atmospheres and are focused on disciplined cost management."
$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.