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John Murphy of Bank of America asks about the payback period expected from the restructuring charges taken in 2Q16. $DLPH CFO Joe Massaro said that the restructuring charges mainly relate to the closure of Barcelona and Powertrain in Spain. The company added that it sees the payback on these types of plant moves anywhere from 3.5 to 4.5 years.
$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.