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Department store operator $KSS said that on Feb. 25, 2016, it announced plans to close 18 underperforming stores in FY16. The company expects to incur $150-170MM in charges due to these planned closures and organizational realignment at corporate offices. Approx. $55-65MM of the charges will be recorded in 1Q16 with the remainder in 2Q16.
$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.