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$EL's cost of sales as a percentage of total net sales decreased to 19% in 3Q16 as compared with 19.5% in the prior-year period. This reflected a favorable impact of manufacturing variances of approx. 80BP and a decrease in shipments of promotional items and gifts of approx. 30BP. Opex, as a percentage of net sales, increased to 66.5% in 3Q16.
$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.