Want to join the conversation?
$NOV said that working capital fell $253MM from 1Q16. The decrease was primarily due t oa $247MM reduction in inventory levels, a $190MM reduction in customer financings, and a $168MM reduction in AR. The reductions in working capital were partially offset by decreases in accrued liabilities and AP.
$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.