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Clothing brand licensing company $ICON reported a 4Q15 loss of $263.01MM or $5.44 per share compared to profit of $17.53MM or $0.32 per share last year, due to a non-cash impairment charge related to certain trademarks and goodwill as well as special charges related to professional fees. Non-GAAP EPS fell to $0.25 from $0.45.
$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.