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Entertainment company $VIAB reported net income of $303MM or $0.76 per share in 2Q16 compared to net loss of $53MM or $0.13 per share in 2Q15, helped by higher operating income. Adjusted net earnings attributable to Viacom was $303MM and adjusted diluted EPS was $0.76. Revenues declined 3% to $3Bil.
$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.