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Colorado-based REIT $UDR reported a decrease in 1Q16 results. Net income fell to $9.46MM or $0.04 per share in 1Q16 from $72.8MM or $0.28 per share in 1Q15 hurt by higher operating expenses. Total revenues grew to $234.8MM in 1Q16 compared to $219.7MM in 1Q15.
$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.