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$NAVI 2Q15 Q&A: Beardsley of Goldman Sachs asked on OpEx savings of $25MM, how much incremental ability is there to take cost out as portfolio amortizes. Somasak answered that in terms of moving from $900MM to going to 2016, has removal of $25MM, but also has another $25MM coming out of expense base next year because of structuring initiative.
$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.