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$EL's cost of sales as a percentage of total net sales for 1Q16 remained flat with last year at 20.4%. This reflected favorable impact of pricing and mix of business of about 30 basis points, offset by rise in shipments of promotional items and gifts of about 20 basis points and obsolescence charges of about 10 basis points.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.