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$PBI 2Q15 Call: SG&A includes one-time stock-based compensation charge of $10MM directly associated with the Borderfree acquisition. SG&A also includes one months’ worth of amortization of Borderfree related intangibles of about $1MM. Adjusting for these items SG&A declined $34MM from 2Q14 and as a percent of revenue improved by about 80BP.
$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!