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Medical equipment maker $VAR reported a lower quarterly profit, hurt by higher costs. $VAR reported 3Q16 earnings of $98.8MM, or $1.04 per share, compared with $113.5MM, or $1.13 per share a year ago. Revenue rose 1% to $789MM. SG&A costs jumped 36% in the quarter.
$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.