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Oil and natural gas company $XEC reported a narrower 2Q16 loss driven by lower costs and expenses. Net loss narrowed to $270.3MM or $2.91 per share from $600.22MM or $6.47 per share last year. Revenue fell to $298.87MM from $424.28MM, due to lower production and a drop in commodity prices. Adjusted EPS slid to $0.07 from $0.15.
$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.