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Oil and natural gas company $XEC reported a narrower 2Q16 loss driven by lower costs and expenses. Net loss narrowed to $270.3MM or $2.91 per share from $600.22MM or $6.47 per share last year. Revenue fell to $298.87MM from $424.28MM, due to lower production and a drop in commodity prices. Adjusted EPS slid to $0.07 from $0.15.
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.