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$LEN is increasing its goal for Financial Services to $130-135MM of profit for 2016. For Rialto, $LEN expects to earn $15-20MM for 2016. The one-time writeoff of the hospital receivables will bring the range to flat to $5MM of profit for the full year and is weighted more heavily towards 4Q16. $LEN expects $50-55MM of profit for Multifamily.
$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.