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$SNI's operating revenues for 2Q16 increased by 21.9% to $892.8MM from the previous year quarter. The increase reflects the inclusion of TVN acquisition and the growth in advertising revenues from U.S. Networks. Consolidated advertising revenues increased 28.6% to $646.6MM and consolidated distribution revenues rose 3.8% to $223.4MM.
$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.