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Oil refiner and chemical company $LYB reported a decline in 2Q16 earnings due to lower sales and operating revenues. Net income fell to $1.09Bil or $2.56 per share from $1.33Bil or $2.82 per share last year. Sales dropped to $7.33Bil from $9.15Bil. Excluding LCM adjustment, EPS from continuing operations slid to $2.45 from $2.79.
$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.