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Irrigation systems maker $LNN reported 2Q16 net loss of $4.1MM or $0.37 per diluted share versus net income 9MM or $0.75 per diluted share in 2Q15, hurt by lower revenue and an environmental charge, which on an after-tax basis reduced net income by $8.7MM or $0.79 per diluted share. Operating revenue fell 14.5% to $120.6MM in the quarter.
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.