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Profit for the microchip maker $MCHP declined 29% in 3Q16, hurt by a turbulent macro and semiconductor industry backdrop. The chip-maker reported 3Q16 net income of $61.2MM, or $0.28 per diluted share, down from net income of $86.1MM, or $0.39 per diluted share, in the prior year quarter. Net sales grew 2.2% YoverY to $540.3MM.
$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.