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Property insurance firm $MCY said that 1Q16 operating EPS was $0.13 vs. $0.59 in 1Q15. The decline was mainly due to an increase in the combined ratio from 99.1% in 1Q15 to 103.9% in 1Q16. The quarterly results were negatively impacted by $40MM of unfavorable reserve development and $8MM of catastrophe losses.
$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!