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During 4Q16, $HRS' Communication Systems revenue was down 24% vs. 4Q15, with operating income of $120MM and margin of 27.5%. Space and Intelligence Systems revenue was up 10% vs. 4Q15, driven by higher revenue from new classified programs. Electronic Systems revenue was up 4% organically, while Critical Networks was down 6% vs. 4Q15.
$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.