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$CGI's BoD approved a dividend of $0.02 per share for 1Q17, payable Oct. 21 to shareholders of record on Oct. 7. In 4Q16, tax rate was 29.1% versus 35.4% in 4Q15, due to higher percentage of income being generated from Canada and Mexico in 2016 at lower effective tax rate. Company expects effective tax rate to be 35-37% in subsequent quarters.
$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.