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$FIS posted lower earnings in 2Q16, hurt by M&A-related items, including the gain on the sale of gaming contracts in 2Q15 and charges related to the SunGard acquisition in 2Q16. Net earnings from continuing operations attributable to common stockholders was $120MM or $0.36 per diluted share versus $242MM or $0.85 per diluted share in 2Q15.
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.