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In 1Q16, $SXT's Flavors & Fragrances' revenue, in local currency, was off approx. 1% and operating income was off by approx. 7.5% versus 1Q15. The company is maintaining its expectations for high single digit profit growth in local currency for the year. In Asia-Pacific, revenue grew 9% and profit grew 13% in local currency.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.