Want to join the conversation?
During 2Q16, $AVGO's Wireless revenue came in at $792MM, representing 22% of total revenue. The company saw a decline in demand from large North American smartphone customers, including the anticipated impact of seasonal product lifecycle-related reduction in shipments. This was partially offset by an increase in shipments to an Asian handset OEM.
$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.