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$COG 2Q15 PR: Operating revenues were $306.3MM vs. $533.19MM in 2Q14. Net loss was $27.5MM or $0.07 per share vs. net income of $118.4MM or $0.28 per share in 2Q14. OpEx was $326.69MM vs. $321.79MM in 2Q14. Loss from operations was $18.96MM vs. income from operations of $210.65MM in 2Q14. Cash flow from operations was $171.2MM vs. $329.6MM in 2Q14.
$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.