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Beauty products company $EL reported a 38% drop in 4Q16 earnings due to higher costs and expenses. Net income fell to $95MM or $0.25 per share from $153.8MM or $0.40 per share last year. Net sales rose 5% to $2.65Bil. Adjusting for restructuring and other charges, EPS for 4Q16 was $0.43 and in constant currency grew 11% to $0.44.
$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!