Want to join the conversation?
$KSU 2Q15 Call – Mike, CFO: Operating expenses declined 8% aided by an $18MM reduction due to FX & $15MM US fuel price reductions. Excluding those items, expenses would have declined 1%. Other key drivers of expense decline includes $10MM fuel consumption, lower incentive compensation $6MM; $2MM from contract restructuring actions.
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.