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For FY16, $JOY expects carryover savings from cost reduction actions taken in 2015 to be about $45MM. $JOY will take actions to optimize workforce and global manufacturing assets for lower levels of demand and expects to incur restructuring charges of $30-40MM across 2016. These actions are expected to drive additional cost savings of $40MM.
$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.