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During 3Q15, $M's operating income was $369MM or 6.3% of sales, excluding asset impairment charges of $111MM primarily related to previously-announced plans to close 35 to 40 stores in early 2016. This compares with operating income of $422MM or 6.8% of sales for the same period last year.
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.