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$MA 2Q15 PR: Company had cash and cash equivalents of $3,361MM, up 16.7% vs. $2,878MM in 2Q14-end. MA effective tax rate was 25.8% vs. 32.2% in 2Q14, excluding the special item. 2Q15 gross dollar volume was up 13% and purchase volume was up 12% YoverY.
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.