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$FTR had approx. $29MM in higher adjusted operating expenses in 3Q15 versus 2Q15. On a sequential basis, approx. half of the increase in operating expenses was from either one-time items in the quarter. The company had a slight change in sales channel mix that also led to a modest increase in customer acquisition expense.
$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.