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Michael Nathanson of MoffettNathanson asks about profit growth decline. $DIS CFO Christine McCarthy said the earned revenue growth was strong in 2Q16 at 18% vs. a 23% growth in 1Q16. Star Wars didn't have quite the massive contribution it had in 1Q16. Also in 1Q16, there was a timing issue of guarantee shortfall payment which was a drag in 2Q16.
$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!