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Technology giant $IBM posted lower earnings during 2Q16 as a result of lower income from continuing operations. The company delivered net income of $2.5MM or $2.61 per diluted share vs. $3.45MM or $3.50 per diluted share in 2Q15. Revenue fell 2.7% to $20.24Bil vs. 2Q15, hurt by lower revenues in Global Business Services & Systems segments.
$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.