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Energy manufacturing & logistics company $PSX posted lower 4Q15 results, hurt by declining segment earnings. $PSX said net income fell 43.3% to $650MM, or $1.20 per share compared to $1,147MM, or $2.05 per share in the same quarter a year ago. For the quarter, refining achieved 94% utilization and record 85% clean product yield.
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.