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Equipment rental company $URI reported a decline in 3Q16 earnings due to a drop in rental rates as well as lower revenue. Net income slid to $187MM or $2.16 per share from $215MM or $2.25 per share last year. Revenue fell to $1.51Bil from $1.55Bil. Adjusted EPS increased to $2.58 from $2.57.
$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.