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Software giant $MSFT said its 3Q16 Intelligent Cloud operating income fell $345MM or 14%, primarily due to higher OpEx and lower GM. OpEx rose $267MM or 13%, mainly due to higher R&D expenses of $150MM or 22%, driven by increased investments in the company's cloud platform, including headcount-related expenses.
$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.