Want to join the conversation?
Diesel engines manufacturer $CMI said EBIT was $591MM or 13.1% of sales in 2Q16. The company made strong progress in cost reduction initiatives as benefits from restructuring actions, material cost reduction initiative and improvements in product quality helped to mitigate the impact of weak demand in a number of important markets.
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.