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$TOL expects to end FY16 with between 305 and 315 selling communities. In 4Q16, $TOL expects to deliver between 2,025 and 2,325 homes at an average price of between $815,000 and $835,000. This narrowed its prior forecast on deliveries for FY16 to between 5,900 and 6,200 homes at average price of between $840,000 and $850,000 per home.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.