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Cigarette and tobacco company $PM reported a decrease in net income to $1.2Bil or $0.80 per share in 4Q15 compared to $1.6Bil or $1.03 per share in 4Q14 hurt by higher marketing and research costs. Reported net revenues, excluding excise taxes, fell 11.2% to $6.4Bil from last year. Adjusted diluted EPS was $0.81 in 4Q15.
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.