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Specialty biopharmaceutical company $MNK reported a jump in 1Q16 earnings driven by higher sales and profits from recently acquired assets in the Specialty Brands segment. Net income rose to $211.1MM or $1.82 per share from $92.7MM or $0.79 per share last year. Net sales grew 20.3% to $914.8MM. Adjusted EPS increased 16.8% to $2.09.
$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!