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Restaurant company $CMG said it expects FY16 new restaurant openings in the range of 220-235 and anticipates an effective full year tax rate of approx. 39%. $CMG said it opened 79 new restaurants during 4Q15, bringing the total restaurant count to 2,010. Restaurant level operating margin fell 700 BP YoverY to 19.6% in the quarter.
$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.