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$KLAC's 2Q16 cost of revenues were $281MM, which compared to $283.2MM in 2Q15. Engineering, research and development expenses in 2Q16 were $118.8MM compared to $133.6MM in the corresponding period last year. Selling, general and administrative expenses were $96.5MM versus $104.9MM in 2Q15.
$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.