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$ROK's effective tax rate for 1Q16 fell to 21.7% from 25.5% in the previous year quarter, and adjusted effective tax rate slid to 22.8% from 26%. The decrease was primarily due to an incremental benefit from the retroactive and permanent extension of the U.S. federal research and development tax credit during 1Q16.
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.