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$SJM 1Q16 Call: Non-GAAP operating income increased $81MM or operating margin declined 130BP to 15.5%. Longer-term, we anticipate margins to improve as synergies from integration activities are realized. Our effective tax rate was 38.8% in first quarter and we now expect the full-year effective tax rate to be approximately 35%.
$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!