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$EL's cost of sales as a percentage of total net sales for 1Q16 remained flat with last year at 20.4%. This reflected favorable impact of pricing and mix of business of about 30 basis points, offset by rise in shipments of promotional items and gifts of about 20 basis points and obsolescence charges of about 10 basis points.
$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!