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$TEL said that total 1Q16 OpEx of $502MM, fell by 8% vs. 1Q15, and it is continuing to tightly manage discretionary spending. The company stated that cash from continuing operations was $367MM and free cash flow was $237MM, up from 1Q15, helped by lower working capital and reduced revenue, and timing of SubCom payments.
$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.