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IT services provider $ORCL reported an increase in 1Q17 earnings helped by higher revenues. Net income was $1.8Bil or $0.43 per share in 1Q17 compared to $1.75Bil or $0.40 per share in 1Q16. GAAP diluted EPS grew 10% in 1Q17. Adjusted net income was $2.3Bil or $0.55 per share. Total revenues were $8.6Bil, up 2% from last year.
$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.