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California-based company $MCY said the deterioration in 2Q16 operating earnings was primarily due to an increase in the combined ratio from 98.5% in 2Q15 to 101.7% in 2Q16. The 2Q16 results were negatively impacted by $22MM of unfavorable reserve development, $11MM of catastrophe losses and $2MM in severance payments.
$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.