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In 2Q16, R&D expense grew by 7.6% or $7.2MM to $102.5MM from $95.3MM in 2Q15. The increase mainly resulted from the expansion of the engineering group due to direct hires and business combinations, as $RHT continues to invest in cloud management and its other emerging technologies. R&D expense was 20.3% of total revenue in 2Q16.
$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!