Want to join the conversation?
$MKC increased gross profit margin 180 BPs YonY to 41.6% in 3Q16. This was the result of cost savings from the company's Comprehensive Continuous Improvement and streamlining actions, favorable mix and pricing actions taken to offset the higher cost. The company expects to increase gross in 4Q16, but the increase is likely to be below 100 BPs.
$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.