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In 3Q16, $NWS said the company recorded a tax benefit of $98MM on a pre-tax loss of $226MM resulting in an effective tax rate that was higher than the US statutory tax rate. $NWS also paid gross income taxes of $78MM during the nine months ended March 31, 2016 compared to $81MM a year ago and received income tax refunds of $1MM.
$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.