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Online gaming and entertainment company $ATVI reported a decrease in 2Q16 earnings due to purchase price accounting related to the King Digital acquisition. Net income was $127MM or $0.17 per share in 2Q16 compared to $212MM or $0.29 per share in 2Q15. Net revenues grew 50% to $1.57Bil from last year.
$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!