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$PEP, the maker of Pepsi soft drinks and Lay's chips, reported lower 1Q16 results, hurt by lower revenue. $PEP said net income fell 24% to $0.93Bil, or $0.64 per share compared to $1.22Bil or $0.81 per share a year ago. Revenue fell 3% to $11.86Bil, while organic revenue grew 3.5%, impacted by FX translation and Venezuela deconsolidation.
$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!