Want to join the conversation?
During 2Q16 $CSC sold certain intangible assets to a third party for total consideration of $19MM of which cash consideration was received of $10MM. Consequently, $CSC recorded a gain on sale of $19MM as a reduction of cost of sales in its GIS segment. As of Oct. 2, 2015, $CSC had $14MM of outstanding receivables related to these sales.
$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.