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$DCI lowered FY16 adjusted operating margin guidance to range of 12.9-13.3% from prior forecast of 13-13.6%. Interest expense is expected to be $21MM, or about $5.8MM above last year. $DCI cut its FY16 effective income tax rate outlook to 25-26% from previous estimate of 25.5-27.5%.
$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.