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$ATU said it expects full year 2016 sales to be in the range of $1.135-1.150Bil and EPS of $1.25-1.35 per share. Core sales are expected to decline 4-6% for FY16. The company expects 3Q16 sales to be in the $290-300MM range, with EPS of $0.34-0.39, excluding restructuring charges, based on a mid-single digit consolidated core sales decline.
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.