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$BBY expects 3Q15 adjusted effective income tax from continuing operations of 39-40%, which could result in a negative $0.01 Y-over-Y adjusted EPS in Q3. Adjusted operating income is expected to be negative 2.5-3.5% due to the ongoing impacts of the Canadian brand consolidation and fluctuations in foreign currency.
$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.