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$SJM said that the company is on track to achieve $35MM in synergies for the full year. Amortization expense rose $27MM in 3Q16 due to the Big Heart Pet Brands acquisition. The gain in operating income was partially offset below the line by higher interest expense and an increase in number of shares outstanding related to the Big Heart acquisition.
$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.