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In the 9 months ended Sept. 30, 2015 $IR reported a loss on FX of $42.6MM related to the remeasurement of net monetary assets denominated in Venezuelan bolivar in March 2015. This charge was partially offset by $14.3MM of FX transaction gains resulting from the remeasurement of non-functional balance sheet positions into their functional currency.
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.