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Communications solutions provider $MSI recorded $5MM of net tax expense in 1Q16 resulting in an effective tax rate of 23%, compared to $40MM in the year ago quarter, resulting in an effective tax rate of 31%. The effective tax rate in 1Q16 was lower than the US statutory tax rate of 35% primarily due to the recognition of excess tax benefits.
$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!