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$CSCO's provision for income taxes resulted in an effective tax rate of 19.8% for FY15, compared with 19.2% for FY14. The net 0.6 percentage point increase in the effective tax rate between FY15 and FY14 was mainly due to a decrease in foreign income taxed at lower than US rates, partly offset by an increase in US federal R&D tax credit.
$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.