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$SYK 2Q15 PR: Gross Profit for the quarter was $1,605MM compared to $1,555MM in 2Q14. Operating income for the quarter was $429MM compared to $307MM in 2Q14. These restructuring charges reduced the reported gross profit margin in the quarter from 66.3-66%, & reduced the reported operating income margin in the quarter from 23.8-17.6%
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.