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Needham & Company analyst Quinn Bolton questioned whether the non-GAAP tax rate of 3% will go up in future quarters. $IDTI CFO Brian White said that looking out beyond FY17, the company expects non-GAAP tax rate to come up a little bit, around 5% in FY18. $IDTI said that it should stay at about 5% for about three years.
$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.