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$FTI, which provides technical support to the energy industry, reported a steep fall in quarterly profit, as a slump in oil prices forced its customers to reduce activity. The company reported 2Q16 earnings of $2.2MM, $0.01 per share, compared with earnings of $108MM, or $0.46 per share a year ago. Revenue fell 32% to $1.2Bil.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.