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$THS said that its preliminary GM for 4Q15 is expected to show a 150 BPS improvement, due to improved operating performance and lower commodity costs. The expected tax rate for 4Q15 is 39.8%, higher than anticipated as a result of a state tax ruling late in the fourth quarter. The higher tax rate resulted in about a $0.05 decline in adjusted EPS.
$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.