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Apparel retailer $SMRT reported lower 2Q16 results hurt by higher expenses and lower operating income. $SMRT said net income fell 26.4% to $3.01MM, or $0.06 per share from $4.09MM, or $0.09 per share a year ago. Total sales for the quarter grew 2.62% to $319.76MM from $311.58MM, while comparable store sales fell 1.4%.
$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.