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In 1Q16, $CR posted sales of $248MM in its largest segment Fluid Handling, down 10% compared to 1Q15. In Payment & Merchandising Technologies, sales were flat at $172MM versus 1Q15. In Aerospace & Electronics, sales increased 6% to $172MM while in Engineered Materials, sales dropped 2% to $68MM.
$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.