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Office supply chain $SPLS reported a 4Q15 profit compared to a loss last year, on lower impairment of goodwill and long-live assets and income tax benefit. Net income was $86MM or $0.13 per share compared to a loss of $260MM or $0.41 per share last year. Non-GAAP EPS decreased by 16% to $0.26, due to negative impact of fixed costs on lower sales.
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.