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$ATI expects pre-tax, non-cash impairment charges of $470MM for idled facilities and pre-tax shutdown and idling costs of $34MM. Company expects $183MM, or $1.71 per share, in non-cash income tax allowance related to US federal tax benefits. Total charges are expected to be $4.89 per share, of which $4.83 is expected in 3Q16 and rest in 4Q16.
$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!