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$PVH now expects 3Q16 GAAP EPS of $2.30-2.35 and non-GAAP EPS of $2.35-2.40. Both 3Q16 EPS projections include about $0.45 negative impact related to foreign currency exchange rates. Revenue is now projected to increase about 3% on both a GAAP and constant currency basis compared to the prior year period.
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.