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$CMI said revenues in North America declined by 13% in 2Q16 due to weaker demand in on-highway markets especially heavy-duty truck. International revenues declined by 4% YoverY with weaker sales in Latin America and the Middle East. 2Q16 revenues in China including JVs were $940MM, up 3%. Revenues in India grew 9% YoverY.
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.