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Tom Diffely of DA Davidson asks if $MENT saw movement on renewals pushed out last year through customer consolidations. CEO Walden Rhines said $MENT had a weak level of renewal growth in 1Q17 and most of the negative came from companies that divested a large share of their businesses or shut it down. The consolidations did not have much effect.
$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.