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$ADI expects 3Q16 revenue of $800-840MM, EPS of $0.60-0.68 and non-GAAP EPS of $0.66-0.74. For 3Q16, the company expects gross margin to be stable sequentially and operating expenses to be slightly up from last quarter. $ADI projects 3Q16 interest and other expense of $13MM, tax rate of about 13.5% and non-GAAP tax rate of about 12.5%.
$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.