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The world's biggest hamburger chain $MCD reported a 9% decline in 2Q16 earnings due to non-cash impairment charges related to ongoing refranchising, general and administrative initiatives and headquarters relocation. Net income fell to $1.09Bil or $1.25 per share from $1.2Bil or $1.26 per share last year. Revenues slid 4% to $6.27Bil.
$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.