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$FIS said for 4Q15 free cash flow increased 12% to $399MM or 143% conversion of net earnings. For 2015, free cash flow increased 7% to $921MM or 99% conversion of net earnings. The company said it is highly focused on paying down debt and deleveraging the balance sheet. Effective tax rate grew to 33.4% for 4Q15 versus 32.6% in 4Q14.
$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.