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During 1Q16, $HPQ said it recorded $54MM of net tax benefits related to discrete items in the provision for taxes for continuing operations. This amount included a tax benefit of $41MM arising from the retroactive R&D credit, a tax benefit of $6MM on restructuring charges, and a tax benefit of $39MM related to provision to return adjustments.
$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.