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$MNK said that total company adjusted gross profit as a percentage of net sales fell slightly less than anticipated, hurt by tough comparables and specialty generics. R&D spending in 3Q16 was up YoverY at 7.8% of net sales overall. $MNK added it continues to be focused on accelerating investments in key opportunities in 4Q16 and beyond.
$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!