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$MMM 2Q15 PR: Net sales were $7,686MM compared to $8,134MM in 2Q14; sales declined 5.5% YoverY to $7.7Bil. Organic local-currency sales grew 1.8% and foreign currency translation reduced sales by 7.3% YoverY. Net income was $1,300MM compared to $1,267MM in 2Q14; 3M converted 74% of net income to free cash flow.
$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.