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Independent energy company $APA posted narrower 1Q16 loss due to lower depreciation, depletion and amortization of oil and gas property and equipment. Net loss narrowed to $489MM or $1.29 per share from $4.65Bil or $12.34 per share. Oil and gas production revenues fell to $1.06Bil from $1.64Bil. Adjusted loss per share slid to $0.40 from $0.44.
$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.