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In 2Q16, in $SHLM's EMEA segment, reported net sales were $290.3MM, down 7.9% from 2Q15. The USCAN segment saw a revenue increase of 28% to $170.8MM. In Latin America, segment revenue was down 7%. In APAC, net sales were $45.1MM, down 4.8% from 2Q15. In Engineered Composites, net sales were $47.4MM, down 8.6%.
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.