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$BOBE now expects FY17 net sales of $1.28-1.33Bil, capital expenditures of $75-80MM and depreciation and amortization of $71-75MM. The company predicts net interest expense of $10-12MM, tax rate of 23.5-24.5% and diluted weighted-average share count of about 20MM shares. $BOBE sees remaining share repurchase authorization of $78.5MM.
$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.