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$LCRX 4Q15 Call: Operating expenses in the June quarter grew a little bit to $355MM but decreased as a percentage of revenue to 24%, which was down from 25% in the March quarter. In the quarter 63% OpEx spend went to R&D which was about the same level as last quarter.
$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.