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$LRCX said that 4Q16 operating income was strong at $359MM, up 48% vs. $242MM in 3Q16. Operating margin rose from 18.4% to 23.2%, above the high end of the guided range as a result of higher revenue and strong GM. The company's tax rate came in at 10%, which was lower than the 14% rate in 3Q16 mainly due to more income from lower tax jurisdictions.
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.