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$JCI 3Q15 Call: Building Efficiency revenues were up 10% without FX. North America was up about 4%. Middle East was up 18%. Europe was down about 1%. Latin America was down 10%. Orders were up 9%. Excluding FX and ADT, underlying orders were up 6%. Backlog was up 5% at $4.7Bil, adjusting for FX. Segment income was $272MM, up 3%.
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.