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$WDC 4Q15 Call: Shipped a total of 48.5MM hard drives at an average selling price of $60. Non-GAAP GM was 29.8% and OpEx totaled $560MM. Tax expense was $27MM or 7% of non-GAAP pre-tax income. Non-GAAP net income was $356MM or $1.51 per share. Generated $488MM in cash from operations and free cash flow totaled $332MM. CapEx totaled $156MM.
$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.