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During 1Q17, $BOBE said that it recognized tax expense of 22.4% vs. 24.3% in 1Q16. The decrease in the tax rate was hurt by the impact of yearly variances in the forecasts of annual rate related to wage credits, the domestic productions activities deduction, and officers' life insurance. Non-GAAP tax rate was 22.6% for 1Q17.
$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.