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$EL's opex as a percentage of net sales rose to 61% in 2Q16 vs. 60.4% in the prior-year period. The increase primarily reflected the FY16 charges associated with restructuring activities of approx. 60 BP and higher costs associated with store operations of approx. 40 BP. Also contributing to the increase was higher G&A expenses of approx. 50 BP.
$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.