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$EV said that compensation expense in 3Q16 was down 2% from the previous year, helped by lower incentive compensation accruals and the decrease in stock-based compensation expense. Expenses related to NextShares, a new type of investment fund which was introduced by $EV, totaled approx. $2.4MM for 3Q16, the company said.
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.