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$MSI said that its 2Q16 Product sales fell 8% to $801MM vs. 2Q15. The majority of the decline was due to weakness in Latin America, parts of Europe and China. Product operating income was $176MM or 22% of sales, up 170 BP vs. last year, driven by steady margins and a lower cost structure. Backlog at quarter-end for this segment was $1.3Bil.
$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.