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$KORS said at the end of 1Q17, cash and cash equivalents were $337.1MM. The company said it ended the quarter with $248.6MM of debt, which was recorded within short-term debt on its consolidated balance sheet. The debt consisted of borrowings under $KORS' revolving credit facilities. The amount available for future borrowings is approx. $749.4MM.
$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.