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Jefferies analyst Steve Volkmann questioned the pricing deterioration in the last three quarters being due to the geography or product-related. VP Mike DeWalt said that the big issue is the stronger dollar especially in places like US and Africa, Middle East. Competitors outside the US are more aggressive on this creating pressure for $CAT.
$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.