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Deutsche Bank analyst Greg Fraser asked whether the benefit from the product rationalization effort to help grow gross margin will be realized in 2017. $ENDP said that the gross margin for 2016 will be $10MM and the benefit is expected to step up somewhere about $40-45MM in 2017 and capture the full realization of $60MM in 2018 on cumulative basis.
$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!