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Sheraton and St. Regis hotels owner $HOT reported a 9.1% decline in 1Q16 earnings due to lower revenue, decline in revenue per available room and lower vacation ownership and residential revenues. Net income fell to $90MM or $0.53 per share from $99MM or $0.58 per share. Revenues slid 0.8% to $1.4Bil. EPS before special items was $0.70 for 1Q16.
$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.