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In 3Q15, $ESV's depreciation expense increased to $145MM from $135MM in 3Q14 as several rigs were added to the operating fleet. Interest expense was $55MM compared to interest expense of $38MM in 3Q14. $ESV's effective tax rate was 9.5% in 3Q15 compared to 15% a year ago.
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.