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Homebuilding company $PHM posted higher 2Q16 results with YoverY growth in signups, closings, revenues and earnings. Net income was $118MM, or $0.34 per share vs. $103MM, or $0.28 per share in 2Q15. Home sale revenues climbed 41% to $1.8Bil vs. 2Q15, helped by a 27% increase in deliveries to 4,772 homes, with a 11% rise in ASPs to $367,000.
$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.