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Food and beverage company $KHC reported net income of $896MM or $0.73 per share in 1Q16. GAAP diluted EPS increased 204% in 1Q16. Adjusted EPS increased 37.7% to $0.73. GAAP net sales were $6.5Bil, up 165% due to the merger of Kraft and Heinz.
$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.