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$PLCE increased adjusted GM by 170BP in 1Q16 to 39.4%. The company increased its adjusted operating margin by 280BP to 9.4%. $PLCE ended 1Q16 with total inventory down 11%. The 2016 inventory management initiatives are on schedule. $PLCE is piloting its markdown optimization initiative in 2Q16 and plans to go live with Phase 1 in 2H16.
$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.