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$WHR said 1Q16 net sales in Asia were $371MM in comparison to $378MM in 1Q15. Excluding the impact of currency, sales increased 3%. Ongoing operating profit was $27MM compared to $26MM in the prior period. Ongoing operating margins were 7.3%, which was an increase of nearly half a point driven by revenue growth and ongoing cost productivity.
$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.