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$ACN's gross margin for 1Q16 slid to 32% from 32.2% in the previous year quarter. The reduction reflects higher non-payroll costs associated with training and recruiting large number of new employees and integration of recent acquisitions. These costs were partially offset by lower labor costs as percentage of net revenue compared to 1Q15.
$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.