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Fashion retailer $JWN posted lower net earnings during 2Q16 mainly due to lower gross profit and higher expenses. Net income was $117MM or $0.67 diluted EPS vs. $211MM or $1.09 diluted EPS in 2Q15. Total revenue fell 0.2% to $3.6Bil vs. 2Q15, hurt by lower net sales in its Nordstrom brand, including US & Canada full-line stores and Nordstrom.com.
$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.