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$QCOM reported 2Q16 effective tax rate of 21%. Company expects annual effective income tax rate to be about 18% for FY16 versus 19% in FY15. Tax benefits from foreign income taxed at rates lower than rates in the US are expected to be about 15% in FY16 versus 14% in FY15.
$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.