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Oil refiner and chemical company $LYB reported a decline in 2Q16 earnings due to lower sales and operating revenues. Net income fell to $1.09Bil or $2.56 per share from $1.33Bil or $2.82 per share last year. Sales dropped to $7.33Bil from $9.15Bil. Excluding LCM adjustment, EPS from continuing operations slid to $2.45 from $2.79.
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.