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Clothing chain $GPS reported a drop in 1Q16 earnings due to lower sales as well as a negative impact of translation of foreign currencies into U.S. dollars. Net income fell to $127MM or $0.32 per share from $239MM or $0.56 per share last year. Net sales dropped to $3.44Bil from $3.66Bil. Comparable sales were down 5%.
$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!