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Oil and gas exploration company $PXD reported 4Q15 net loss of $623MM or $4.17 per diluted share versus net income of $431MM or $2.91 per diluted share in 4Q14, hurt by lower revenues and higher costs and expenses, mainly due an impairment of oil and gas properties of $846MM. Revenue and other income fell 35.8% to $1.1Bil versus 1.7Bil YoverY.
$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.