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$MU said that its Mobile Business Unit posted 1Q16 revenue of $834MM, down 13% QoverQ, due to lower volumes and pricing pressures from eMCP market. Non-GAAP operating income was $136MM or 16.3% down from Q4. Embedded Business Unit posted revenue of $479MM, slightly up from Q4 with a 24% increase in non-GAAP operating margin.
$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!