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During FY15, $AVGO realigned some product groups within its wired infrastructure segment and agreed to sell some fiber optics subsystems assets to a third party. As a result, the company recognized a $61MM loss to write-down these assets to fair value less costs to sell. This transaction is expected to close by the end of 1Q16.
$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.