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$MMM reported a 6.3% YoverY jump in 1Q16 net income to $1.28Bil, or $2.05 per diluted share. The maker of post-it notes said earnings were lifted by the early adoption of a new rule for the accounting of employee share-based compensation, which resulted in a tax benefit of $0.10 per share. Revenue slid 2.2% to $7.41Bil, hurt by strong dollar.
$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.