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Meat producer $TSN reported higher 2Q16 earnings driven by higher gross margin and lower cost of sales. $TSN said net income rose 39.3% to $432MM, or $1.10 per share from $310MM, or $0.75 per share a year ago. Revenue fell 8.1% to $9.17Bil. Excluding items, $TSN earned $1.07 per share.
$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.