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$GIS, owning brands like Gold Medal flour & Yoplait yogurt, said that YTD free cash flow was $1.4Bil, up 29% vs. last year. The company is on track to convert at least 95% of adjusted net sales into free cash flow this year. During nine months, $GIS repurchased 10.6MM shares at an aggregate price of $602MM and paid $795MM in dividends.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.