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$ITW, which completed the EF&C acquisition recently, said that EPS will not have any impact in 2016 due to typical acquisition accounting related impact. EF&C acquisition will add to EPS in 2017. The company expects to generate after-tax returns in the mid-to-high teens percentage by year seven. For 3Q16, $ITW expects GAAP EPS to be $1.42-1.52.
$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.