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Morris Plains, New Jersey-based $HON said that it is reaffirming its 4Q15 earnings guidance of approx. $1.58 per share before any pension mark-to-market adjustments, which is up 10% YonY. Based on current interest rates and YTD asset returns in its pension fund, $HON stated it expects a minimal mark-to-market adjustment in its US pension plans.
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.