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Investment management firm $EV reported a 8% decline in 3Q16 earnings due to lower revenues. Net income fell to $62.9MM or $0.55 per share from $68.71MM or $0.57 per share last year. Total revenues slid 4% to $341.17MM, hurt by lower investment advisory and administrative fees of 4%. Adjusted EPS declined 2% to $0.56.
$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!