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$SNA 2Q15 Call: Consolidated gross profit of $419MM increased $18.6MM from 2014 levels. The GM of 49.2% in the quarter improved 80 BPs from 48.4% a year ago. OpEx of $268.2MM increased $5.9MM, largely due to higher volume-related & other expenses. No restructuring cost was incurred in 2Q15. Pension expense was approx $2MM vs. 2Q14.
$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.