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Santa Clara, California-based $A said 2Q16 revenue growth was up more than 8% on a core basis. Of this growth, about 1.5 percentage points is due to a shift of revenue last year from 2Q15 into 3Q15. The company stated that it experienced $15MM of shipment delays in 2Q15 due to startup challenges with its new US logistic center.
$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.