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$WDC's income tax provision for 1Q16 fell to $31MM from $37MM last year, on result of lower income before income taxes. The difference of tax rate and the U.S. statutory rate are primarily due to tax holidays in Malaysia, Philippines, Singapore and Thailand that expire at various dates from 2016 through 2025 and CY generation of income tax credits.
$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.