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Morgan Stanley analyst Matthew Granger asks $K how improving mix & revenue management will bridge the gap to get to 18% target of expense savings. $K says that looking to 2017-2018, it has cost savings of between $130-150MM. $K is putting effort behind revenue growth management to generate stronger price & mix to achieve the margin expansion goal.
$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.