Want to join the conversation?
Technology and consulting company $IBM said it generated over $2Bil of free cash flow in 1Q16, about half of this coming from the tax benefit. Over the last 12 months, the company has generated over $14Bil of free cash flow, which was 110% of GAAP net income. In the last year, $IBM returned about two-thirds of free cash flow to shareholders.
$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.