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Pharmaceutical company $ABC said in 2Q16, adjusted gross profit increased 12% to $1.2Bil. Total adjusted Opex increased 18% to $575MM. Adjusted operating income was $592MM, up 7%. Adjusted operating margin was 1.66%, down 3BP from 2Q15. Adjusted income tax rate was 31.3%. Adjusted diluted EPS grew 16% to $1.68.
$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.