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For FY16, $DRI expects to realize $0.08 per diluted share from net incremental expenses related to real estate transactions. This translates to about $20-25MM annually. $DRI is raising its adjusted effective tax rate outlook to 23-25% to reflect the higher earnings outlook. $DRI is on track to deliver $80-90MM in total cost savings in FY16.
$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.