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$EA's effective tax rate for 1Q16 was a tax expense of 13.2% compared to 5.4% in 1Q15. The tax rate was increased due to a discrete expense of $40MM & $12MM recorded in 1Q16 & 1Q15 for excess tax benefits from stock-based compensation deductions allocated directly to contribute capital. Gross unrecognized tax benefits rose $6MM to $260MM in 1Q16.
$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!