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Aerospace and defense company $LMT reported a drop in 1Q16 earnings due to special charges for workforce reductions at Aeronautics and Information Systems & Global Solutions business segments. Net income fell to $794MM or $2.58 per share from $878MM or $2.74 per share last year. Net sales grew to $11.7Bil from $10.11Bil.
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.