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Paper and packaging solutions company $WRK reported a loss of $453.5MM or $1.76 per diluted share, hurt by high cost of goods sold and a Specialty Chemicals goodwill impairment charge of $478.3MM. Net sales for the quarter rose to $3.68Bil, helped by sales growth in Corrugated Packaging and Consumer Packaging segments.
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.