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Multinational consulting firm $RECN reported a flat 3Q16 as lower demand from its energy clients hurt revenue growth. $RECN posted net income of $6.0MM or $0.16 per diluted share, flat compared to the prior year period. Revenue remained relatively flat from the prior quarter at $146.8MM.
$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.