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Athletic apparel maker $LULU reported a rise in 2Q16 earnings driven by higher revenues and a 4% rise in comparable sales. Net income rose to $53.63MM or $0.39 per share from $47.67MM or $0.34 per share last year. Net revenue grew 14% to $514.52MM. Excluding tax and related interest adjustments, EPS were $0.38 for 2Q16.
$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.