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David Togut of Evercore ISI asks about the EMV card manufacturing cycle. CFO James Woodall said $FIS issued about 8MM EMV cards in 2Q16, which gets it to about 14MM cards YTD in 2016. He added that this compares to about 10MM cards issued in 2015 and it is certainly a tailwind for the company in terms of the payment revenue growth.
$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.