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$LM 1Q16 PR: Operating revenues were $708.6MM, up 1% from $702.3MM in 4Q15, and up 2% vs. $693.9MM in 1Q15. Net income was $94.5MM or $0.84 per diluted share vs. $83MM or $0.73 per diluted share in 4Q15, and $72.2MM or $0.61 per diluted share in 1Q15.
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.