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Michael Nathanson of MoffettNathanson asks about profit growth decline. $DIS CFO Christine McCarthy said that the earned revenue growth was strong in 2Q16 at 18% vs. a 23% growth in 1Q16. Star Wars didn't have quite the massive contribution it had in 1Q16. Also in 1Q16, there was a timing issue of guarantee shortfall payment which was a drag in 2Q
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.