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$GLW said its 1Q16 GAAP earnings included charges of about $109MM pretax associated with reducing cost structure. The company anticipates additional charges of approx. $40MM for the remainder of 2016. $GLW estimates that the full year cash impact will be $40MM and the annualized savings will be $50MM.
$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.