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Asset management company $AMG posted lower 2Q16 earnings hurt by decline in revenue and elevated market volatility. $AMG said consolidated net income fell 3.79% to $182.7MM, or $1.97 per share from $189.9MM, or $2.31 per share a year ago. Revenue fell 14.3% for the quarter to $554.1MM. Economic EPS fell to $3.06 from $3.08 a year ago.
$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.