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$SPLS said it 2Q16 sales declined 4% vs. 2Q15. Non-GAAP diluted EPS of $0.12 excluded pretax charges of $986MM mainly due to impairment of goodwill and other assets and costs related to the termination of the $ODP merger. Gross profit dollars fell $67MM vs. 2Q15, excluding a $4MM charge related to $SPLS' decision to exit certain lines of business.
$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.