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$ATU stated that it reported 3Q16 sales of $305MM, which is 5% below 3Q15, but included 1% headwind from currency and a 2% tailwind from acquisitions. Excluding currency and acquisitions, YoverY core sales fell 6%, reflecting weak demand in all three business segments. Sales was slightly above the $290-300MM sales guidance.
$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.