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$YHOO's GAAP revenue presentation changed in 2Q16 due to implementation of the 11th Amendment of its Microsoft search agreement. $YHOO is reaffirming its annual guidance in EBITDA and revenue ex-TAC. $YHOO expects the impact of the change on revenue to be about $250MM per qtr. in 2H16. $YHOO expects 2016 revenue to be $4.9-5.1Bil.
$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!