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Commercial real estate company $SPG posted lower 2Q16 results, hurt by lower revenue and higher expenses. $SPG said net income fell 3.7% to $455.389MM, or $1.45 per share from $472.944MM, or $1.52 per share a year ago. Revenue fell 2.5% to $1.315Bil. For the quarter, FFO per share was flat YoverY at $2.63.
$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.