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$HBI reaffirmed its 2016 net sales guidance of $5.8-5.9Bil, adjusted operating profit outlook of $920-950MM, adjusted EPS estimate of $1.85-1.91 and net cash from operations forecast of $750-850MM. $HBI expects net capital expenditures of about $70MM, interest expense and other expenses of about $115-120MM and tax rate of 10-11%.
$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.