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$PEP 2Q15 PR: Core constant currency operating profit increased 8%. Reported operating profit was even with the prior-year quarter, and reflects unfavorable foreign exchange translation, restructuring charges and the mark-to-market net impact on commodity hedges. Core gross margin & core operating margin expanded 115BP and 60BP, respectively.
$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.