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$CVS's 3Q15 OpEx grew 2.6% YoverY, primarily due to incremental store operating costs associated with operating more stores in Retail/LTC segment. OpEx as a percentage of net revenue decreased 80 BP to 11.2% in the quarter, driven by higher legal costs in the three and nine months ended Sept. 30, 2014.
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.