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In 2Q16, $BCR was affected by acquisition-related items of $3.9MM, an impairment charge of $1.2MM and charges of $11.9MM related to restructuring and productivity initiatives. Gross profit was $580.5MM or 62.3% of sales in the quarter. Adjusted gross profit was $616.2MM, up 140 BPs from 2Q15.
$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.