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During 2Q16, $SPLS' SG&A fell $67MM YoverY after excluding charges of $24MM mainly related to litigation, as well as $10MM of charges mainly related to the proposed acquisition of $ODP during 2Q15. Non-GAAP SG&A rates slumped 53 BP YoverY to 22.2% reflecting lower labor costs due to headcount reduction & store closures and lower marketing expense.
$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.