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New York-based $MCO said OpEx for 2Q16 was $519MM, up 4% from last year. Operating income was $410MM, a 2% decline from the prior year period. Foreign currency translations favorably impacted operating income by 1%. Adjusted operating income defined as operating income before D&A was $441MM, down 1% from the same period last year.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!