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Citigroup analyst David Driscoll questions $GIS on the transition of cost savings to $600MM. CFO Donal Mulligan says that $GIS has seen better savings in Century, Catalyst & Compass, particularly in Century. As the company streamlines its manufacturing footprint, its ability to find savings has increased giving visibility to the final price.
$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.