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The media and entertainment company $FOXA posted 1Q16 profit of $675MM or $0.34 per share vs $1,037MM or $0.47 per share last year. $FOXA posted revenue of $6.08Bil, which was $406MM lower than last year. This decline was due to adverse impact of FX rates & absence Shine revenue, both impacted adjusted revenue growth by approx $200MM or 6% in total
$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!