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For FY17, $KORS expects revenue to be flat versus FY16 and comp sales to decline in mid-single digit range. Diluted EPS is expected to be $4.56-4.64 on a non-GAAP basis and $4.51-4.59 on a GAAP basis. GAAP operating margin is expected to be about 21.3%.
$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.