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$KLXI said free cash flow was $29.9MM in 2Q16, representing a conversion ratio of 116% of adjusted net earnings. As of July 31, 2016, cash was $250MM, reflecting both solid free cash flow generation and the Herndon acquisition. Total long-term debt of $1.2Bil less cash resulted in net debt of $950MM and the net-debt-to-net-capital ratio was 30%.
$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.