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In 1Q16, $IPAR's SG&A expenses rose 15% compared to 1Q15. As a percentage of sales, SG&A expenses were 48%. For European operations, SG&A expenses increased 22% and represented 49% of sales. For US operations, SG&A expenses decreased 10% and represented 45% of sales in 1Q16.
$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.