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$MU said that its Compute Networking Business Unit (CMBU) sales were down 12% YoverY to $1.14Bil. CMBU sales were impacted by lower average selling prices driven by continued softness in demand from PC segment. Storage Business Unit posted 1Q16 revenue of $884MM, up 4% vs. the prior quarter with a non-GAAP operating loss of $27MM.
$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!