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Publishing company $JW.A $JW.B said that for FY16, the unfavorable impact of revenue & EPS was approx. $61MM and $0.13 respectively. The impact moderated in 4Q16 with a $4MM revenue hit and a $1.00 EPS gain. As expected, both revenue and adjusted EPS was flat on a constant currency basis and excluded the transitional impact of time-based earnings.
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.