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$URBN 2Q16 Q&A: Commenting to the question from Hutchinson of BofAML about gross margin for FY16, Frank told the company is focused on trying to deliver improvement for 3Q16 & 4Q16 and believe there’s opportunity to drive that growth. Annual gross profit margin rate will depend on the improvement that the company can drive in 3Q16 & 4Q16, he added.
$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!