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In 1Q16, $LRCX's non-GAAP gross margins came in at 46.5% which was at the high-end of its guidance; the strength was driven by better mix and stronger manufacturing absorption. OpEx came in at $364MM which resulted in operating income of 23.8%. Further, non-GAAP earnings per share of $1.82 ended up above the high-end of its guidance.
$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!