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Judy Hong of Goldman Sachs asks about the 1Q16 margin vs. guidance for the balance of the year. $PEP CFO Hugh Johnston said that commodities were a bit deflationary in 1Q16 due to the overlaps around energy prices. Commodities will be inflationary going forward. In 2Q16 & 3Q16, $PEP expects less margin improvement and stronger improvement in 4Q16.
$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.