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Medical devices company $STJ reported a decline 3Q16 earnings hurt by after-tax charges related to amortization of intangible assets and acquisition-related costs. Net income fell to $212MM or $0.73 per share from $215MM or $0.75 per share last year. Net sales grew 12% to $1.5Bil. Adjusted EPS increased to $0.99 from $0.97.
$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.