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In 2H16, $RBC said it is expecting modestly increased demand from its global industrial businesses as de-stocking slows. $RBC also said CapEx for 1Q16 was $14.9MM and expects to spend $85MM for FY16. The company is revising its ETR forecast from 25% to 23%. For FY16, $RBC expects GAAP EPS in the range of $4.38-4.78.
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.