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Diversified healthcare company $JNJ reported a 11.5% drop in 2Q16 earnings due to higher research and development expense as well as intangible amortization expense and special items charge. Net income fell to $4Bil or $1.43 per share from $4.52Bil or $1.61 per share last year. Adjusted EPS increased to $1.74 from $1.71.
$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!