Want to join the conversation?
$CMTL said its gross profit in 3Q16 as a percentage of consolidated net sales was 41.4% versus the 45.1% achieved in 3Q15. This decrease is mainly due to overall product mix changes resulting primarily from the TCS acquisition. $CMTL expects 4Q16 gross margin percentage to be meaningfully lower than 41.4%, reflecting a full 3 months of TCS sales.
$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!