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Software giant $MSFT's operating income fell $1.8Bil or 23% to $6.02Bil in 2Q16. This decline was primarily due to lower GM, offset partially by a reduction in opex in the current year. GM fell $2.4Bil or 15%, driven by the impact of a net $1.7Bil revenue deferral related to Windows 10 and an unfavorable FX impact of approx. $1Bil or 6%.
$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!