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$AXP posted a 3% decrease in earnings in 3Q16 compared to last year, hurt by higher spending on growth initiatives and solid progress related to the company's efforts to reduce its cost base. Net income was $1.1Bil or $1.20 per share versus $1.3Bil or $1.24 per share last year. Revenues net of interest expense were $7.8Bil, down 5% from 3Q15.
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.