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$SYK, which competes with $ZBH & $EW, said that 1Q16 adjusted GM rose 240 BP to 68%. Of this, roughly a quarter relates to the two-year suspension of the medical device tax, while the remainder reflects a favorable mix and favorable FX partly offset by negative pricing. Adjusted SG&A rose to 37.4% of sales vs. 35.9% in prior period.
$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.