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Deutsche Bank's Karl Keirstead questioned on the gross margin percentage decline for FY17. $MSFT CFO Amy Hood said there was about 200 BP change in gross margin in 3Q16, entirely due to the shift to the cloud in both Productivity & Business Processes and Intelligent Cloud segments. This transition will be the main driver for gross margin decline.
$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!