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$SEE said it had $9MM in restructuring savings. The company's OpEx was $12MM and this is net of the $7MM environmental reimbursement, salary and wage inflation of $17 million, currency of negative $9MM and divestitures of $3MM. Adjusted tax rate was 29% and for full-year 2016, the company expects tax rate to be approx. 24%.
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.