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Industrial equipment manufacturer $ITW said in 1Q16, EPS grew 10% excluding the impact of foreign currency translation. Organic growth came in at the midpoint of its forecast and was up 1% or 2% excluding the impact of PLS initiatives. $ITW improved operating margin by 120BP to 22.1% and increased after-tax ROIC by 180BP to 21.2%.
$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.