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During 2Q16, $AMGN repurchased 3.9MM shares of common stock at a total cost of $591MM. At the end of 2Q16, the company had $3.6Bil remaining under its stock repurchase authorization. $AMGN generated $2.5Bil of free cash flow in 2Q16 versus $3.2Bil in 2Q15, driven by the timing of tax payments and the termination of ForEx forward contracts in 2Q15.
$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.