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Advertising holding company $IPG posted higher 2Q16 results with increased revenues and earnings. Net income was $156.9MM or $0.38 per diluted share vs. $121.2MM or $0.29 per diluted share in 2Q15 due to increased income from consolidated companies. Revenue rose 2.2% to $1.92Bil vs. 2Q15, helped by a revenue increase of 5.1% in the US region.
$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!