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$MSM said it expects total sales and service headcount in 4Q16 to be roughly flat with 3Q16. The company said gross margin came in at the midpoint of its guidance, which continued the trend of sequential stabilization seen over the past several quarters. Opex for 3Q16 were well below 3Q15, and this reduction is beyond volume-related declines.
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.