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$MEI said compared to last year, Interface gross margins as a percentage of sales decreased 50 BPs, negatively impacted by cost associated with the transfer of manufacturing from the Philippines to Egypt. For FY17, the company is targeting Interface gross margins in the low to mid-20% range.
$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.