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$DRH said that the total consideration, adjusted to include the cost of projected near-term CapEx, represents a 7.2% capitalization rate on Orlando Airport Marriott Lakeside's net operating income for the year ended Dec. 31, 2015. The consideration also represents an 11.5x multiple on the Hotel's adjusted EBITDA for the year ending Dec. 31, 2015.
$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.