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E-commerce giant $BABA posted 1Q17 net income of $1,075MM or $0.44 per share compared to $4,970MM or $1.92 per share in 1Q16, which included a non-recurring deemed disposal gain of RMB24,734MM arising from deconsolidation of Alibaba Pictures. Revenue for the quarter grew 59% to $4.84Bil. Excluding items, $BABA earned $0.74 per share.
$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.