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$TEL said that total 1Q16 OpEx of $502MM, fell by 8% vs. 1Q15, and it is continuing to tightly manage discretionary spending. The company stated that cash from continuing operations was $367MM and free cash flow was $237MM, up from 1Q15, helped by lower working capital and reduced revenue, and timing of SubCom payments.
$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.