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During 3Q16, $TSN's Prepared Foods operating income was $197MM with a 10.9% operating margin. Sales dollars for this segment were flat and lower average selling price resulted from decreased raw material costs and successful pricing strategies to drive volume. The company captured $116MM in synergies in this segment with $37MM incremental to 3Q15.
$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!