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$URBN 2Q16 Call: Gross profit was up 5% vs. 2Q15 to $318MM. Gross profit rate declined by 71 BP to 36.7%. The decline in gross profit rate was primarily due to higher delivery and fulfillment center expenses. Total SG&A expenses increased by 8% to $214MM. Total SG&A as a percentage of sales deleveraged by 29 BP to 24.7%.
$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!