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Beverage giant $KO posted lower 1Q16 earnings due to non-cash charges related to refranchising certain territories in North America and costs associated with productivity, integration and restructuring initiatives. Net income was $1.48Bil or $0.34 per share, down from $1.56Bil or $0.35 per share a year-ago. Revenue slid 4% to $10.28Bil.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.