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$STX said that its non-GAAP operating expenses in 2Q16 were $453MM. On a YoverY basis, the company stated it has reduced its quarterly expense run rate by almost $100MM or 17%, reflecting reductions around the core business, adjacencies, restructuring activities and lower variable compensation.
$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!