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Data storage giant $STX reported a rise in 1Q17 earnings driven by strong position to grow its businesses, improved margins and cash flow as well as lower operating expenses. Net income rose to $167MM or $0.55 per share from $34MM or $0.11 per share last year. Revenue fell to $2.8Bil from $2.93Bil. Non-GAAP EPS increased to $0.99 from $0.54.
$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!