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$RL said it currently expects consolidated net revenues for FY17 to decrease at a low-double digit rate. For FY17, operating margin is anticipated to be approx. 10% and tax rate is estimated to be approx. 29%. CapEx is expected to be approx. $375MM in FY17. The company added that this guidance assumes approx. $200MM in share repurchases.
$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!