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During 3Q16, $LLTC's provision for income taxes fell $3.6MM versus 3Q15, primarily due to a $10.4MM decrease in the income before income taxes. Excluding the effect of quarterly discrete tax adjustments, the company estimates that its annual effective income tax rate for FY16 will be in the range of 24.0-24.5%.
$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.