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Jefferies analyst Akshay Jagdale asks why EBIT guidance was reduced by almost 21% or $34MM for 2H16. $FLO says that for 1H16, it was off of its targets from a sales perspective mainly due to volume declines in reaction to pricing actions. But going into 2H16, $FLO has to been more promotional to drive share gains, which will impact the top line.
$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.